Plan Snapshot
- Plan Sponsor: The Nassau Financial Group
- Sponsor EIN: 061599088
- Sponsor Address: ONE AMERICAN ROW, HARTFORD, CT, 06102
- Plan Type: 401(k)
- Total Participants: 554
- Total Assets: $228.7M
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 | 554 | $228.7M | $3.0M | $5.7M |
| 2023 | 506 | $210.9M | $2.6M | $5.2M |
| 2022 | 468 | $190.5M | $2.2M | $4.8M |
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 |
|---|---|---|---|---|
| COHNREZNICK LLP | Auditor | $43,050 | — | $43,050 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $43,050
- Estimated Expense Ratio: 0.019% 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 | $230,310 | $77,708 | — | $43,050 | — |
| 2023 | $199,652 | $65,000 | — | $42,000 | — |
| 2022 | $161,259 | $7,105 | — | — | — |