Plan Snapshot
- Plan Sponsor: The Fortune Society
- Sponsor EIN: 132645436
- Sponsor Address: 29-76 NORTHERN BLVD, LONG ISLAND CITY, NY, 111012822
- Plan Type: 403(b)
- Total Participants: 420
- Total Assets: $11.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- 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 | 420 | $11.3M | $333,875 | $1.1M |
| 2023 | 514 | $10.5M | $264,375 | $967,153 |
| 2022 | 448 | $8.2M | $267,200 | $883,193 |
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 |
|---|---|---|---|---|
| CBIZ CPAS P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $28,026 | — | — | — | — |
| 2023 | $44,138 | — | — | — | — |
| 2022 | $85,715 | — | $85,715 | — | — |