Plan Snapshot
- Plan Sponsor: The Trustees Of The Nys Automobile Dealers, INC. Grp. Ins. Trust
- Sponsor EIN: 146021721
- Sponsor Address: 37 ELK STREET, ALBANY, NY, 12207
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,268
- Total Assets: $3.9M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 1,268 | $3.9M | $468,240 | $2.1M |
| 2023 | 1,595 | $3.3M | $629,871 | $2.1M |
| 2022 | 6,077 | $2.8M | $736,364 | $2.0M |
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 |
|---|---|---|---|---|
| SNYADS, INC | Recordkeeper | $195,888 | — | $195,888 |
| EBIX INC | Other Service Provider | $35,640 | — | $35,640 |
| WEST & COMPANY CPA'S PC | Other Service Provider | $16,000 | — | $16,000 |
| COLLEY ASSET MANAGEMENT INC. | Investment Advisor | $7,500 | — | $7,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $255,028
- Estimated Expense Ratio: 6.465% 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 | $283,263 | $7,800 | — | — | — |
| 2023 | $245,005 | $7,500 | — | — | — |
| 2022 | $238,896 | $3,675 | — | — | — |