Plan Snapshot
- Plan Sponsor: Utica First Insurance Company
- Sponsor EIN: 150476540
- Sponsor Address: 5981 AIRPORT RD, ORISKANY, NY, 134243905
- Plan Type: 401(k)
- Total Participants: 135
- Total Assets: $25.3M
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. |
|---|---|---|---|---|
| 2024 | 135 | $25.3M | $832,722 | $1.1M |
| 2023 | 126 | $22.4M | $755,574 | $900,451 |
| 2022 | 124 | $19.0M | $681,317 | $835,774 |
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 |
|---|---|---|---|---|
| STRATEGIC FINANCIAL SERVICES | INVESTMENT ADVISORY | $83,464 | $22 | $83,486 |
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $47,764 | — | $47,764 |
| BUFFAMANTE WHIPPLE BUTTAFARO, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BUFFAMANTE WHIPPLE BUTTAFARO, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $131,250
- Estimated Expense Ratio: 0.518% 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 | $131,239 | $83,475 | $47,764 | — | — |
| 2023 | $107,970 | $69,151 | $38,819 | — | — |
| 2022 | $108,276 | $69,404 | $38,872 | — | — |