Plan Snapshot
- Plan Sponsor: The Lyons National Bank
- Sponsor EIN: 150372430
- Sponsor Address: 35 WILLIAM STREET, LYONS, NY, 14489
- Plan Type: 401(k)
- Total Participants: 216
- Total Assets: $27.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 216 | $27.0M | $641,078 | $1.3M |
| 2023 | 213 | $23.0M | $603,793 | $1.2M |
| 2022 | 217 | $19.9M | $606,130 | $1.2M |
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 |
|---|---|---|---|---|
| CAPITAL GROUP RETIREMENT SERVICES | RECORDKEEPER | $24,906 | — | $24,906 |
| MENGEL METZGER BARR & CO, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MENGEL METZGER BARR & CO, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $24,906
- Estimated Expense Ratio: 0.092% 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 | $24,217 | $24,217 | — | — | — |
| 2023 | $19,470 | $19,470 | — | — | — |
| 2022 | $18,875 | $18,875 | — | — | — |