Plan Snapshot
- Plan Sponsor: Tompkins Consolidated Area Transit, INC.
- Sponsor EIN: 201549485
- Sponsor Address: 737 WILLOW AVENUE, ITHACA, NY, 14850
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 119
- Total Assets: $7.2M
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2023 | 119 | $7.2M | $462,501 | $275,136 |
| 2022 | 114 | $6.3M | $499,050 | $294,095 |
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 |
|---|---|---|---|---|
| KESTRA ADVISORY SERVICES, LLC | Investment Advisor | $30,882 | — | $30,882 |
| NEWPORT GROUP, INC. | Other Service Provider | $12,952 | — | $12,952 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KESTRA ADVISORY SERVICES, LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $43,834
- Estimated Expense Ratio: 0.607% 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 |
|---|---|---|---|---|---|
| 2023 | $45,671 | $30,882 | $6,872 | — | — |
| 2022 | $37,747 | — | $37,747 | — | — |