Plan Snapshot
- Plan Sponsor: The Corporate Source, INC.
- Sponsor EIN: 133882284
- Sponsor Address: 1225 FRANKLIN AVENUE, GARDEN CITY, NY, 11530
- Plan Type: DC
- Total Participants: 294
- Total Assets: $15.3M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 294 | $15.3M | $1.5M | $0 |
| 2023 | 429 | $13.2M | $1.4M | $0 |
| 2022 | 264 | $11.1M | $1.4M | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| CAPFINANCIAL PARTNERS LLC | Investment Advisor | $65,724 | — | $65,724 |
| EMPOWER LIFE & ANNUITY | Recordkeeper | $60,772 | — | $60,772 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $126,496
- Estimated Expense Ratio: 0.826% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $131,710 | $67,163 | $2,350 | — | — |
| 2023 | $98,207 | $54,440 | $2,400 | — | — |
| 2022 | $138,654 | $53,969 | $1,800 | — | $82,885 |