Plan Snapshot
- Plan Sponsor: The First National Bank Of Long Island
- Sponsor EIN: 110804410
- Sponsor Address: 10 GLEN HEAD ROAD, GLEN HEAD, NY, 115451411
- Plan Type: 401(k)
- Total Participants: 212
- Total Assets: $59.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 212 | $59.7M | $1.1M | $2.2M |
| 2023 | 235 | $58.8M | $550,388 | $2.2M |
| 2022 | 246 | $51.4M | $502,657 | $2.2M |
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 |
|---|---|---|---|---|
| THE VANGUARD GROUP, INC. | NONE | $11,655 | — | $11,655 |
| VANGUARD ADVISERS INC. | NONE | $9,409 | — | $9,409 |
| NAWROCKI SMITH LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE VANGUARD GROUP, INC. — NONE
- VANGUARD ADVISERS INC. — NONE
- NAWROCKI SMITH LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $21,064
- Estimated Expense Ratio: 0.035% 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 | $20,224 | — | — | — | — |
| 2023 | $16,201 | — | — | — | — |
| 2022 | $14,441 | — | — | — | — |