Plan Snapshot
- Plan Sponsor: Ultrafabrics INC
- Sponsor EIN: 320516926
- Sponsor Address: 303 SOUTH BROADWAY, TARRYTOWN, NY, 10591
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 105
- Total Assets: $13.7M
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. |
|---|---|---|---|---|
| 2023 | 105 | $13.7M | $984,462 | $877,326 |
| 2022 | 111 | $11.3M | $527,747 | $711,090 |
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 |
|---|---|---|---|---|
| PROCYON ADVISORS LLC | Investment Advisor | $61,479 | — | $61,479 |
| PAYCHEX, INC. | Recordkeeper | $33,630 | — | $33,630 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PAYCHEX, INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $95,109
- Estimated Expense Ratio: 0.695% 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 | $95,109 | $61,479 | $33,630 | — | — |
| 2022 | $441,130 | — | — | — | — |