Plan Snapshot
- Plan Sponsor: Usherwood Business Equipment INC.
- Sponsor EIN: 161135311
- Sponsor Address: 1005 W FAYETTE ST, SYRACUSE, NY, 132042860
- Plan Type: 401(k)
- Total Participants: 156
- Total Assets: $11.6M
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 | 156 | $11.6M | $125,043 | $946,163 |
| 2023 | 144 | $9.5M | $28,390 | $193,231 |
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 |
|---|---|---|---|---|
| FIRLEY,MORAN,FREER&EASSA,CPA,P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $19,651 | $24,000 | — | — | — |
| 2023 | $5,393 | $6,000 | — | — | — |