Plan Snapshot
- Plan Sponsor: The Institute Of Culinary Education, INC.
- Sponsor EIN: 133847478
- Sponsor Address: BROOKFIELD PLACE, NEW YORK, NY, 10281
- Plan Type: 401(k)
- Total Participants: 214
- Total Assets: $4.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- 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 | 214 | $4.9M | $0 | $569,866 |
| 2023 | 188 | $5.1M | $0 | $478,867 |
| 2022 | 177 | $4.7M | $0 | $273,653 |
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 |
|---|---|---|---|---|
| COMMONWEALTH EQUITY SERVICES | INVESTMENT ADVISOR | $10,766 | — | $10,766 |
| EMPOWER LIFE & ANNUITY INS CO OF NY | RECORDKEEPER | $7,897 | — | $7,897 |
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORDKEEPER | $5,128 | — | $5,128 |
| TEMPLETON & COMPANY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORDKEEPER
- TEMPLETON & COMPANY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $23,791
- Estimated Expense Ratio: 0.490% 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 | $29,519 | $14,932 | $13,025 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | $12,538 | — | $12,538 | — | — |