Plan Snapshot
- Plan Sponsor: Warren W. Fane, INC.
- Sponsor EIN: 141663427
- Sponsor Address: 62 LEVERSEE ROAD, TROY, NY, 12182
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 116
- Total Assets: $11.8M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 116 | $11.8M | $450,917 | $306,949 |
| 2023 | 107 | $11.2M | $378,624 | $271,735 |
| 2022 | 103 | $9.3M | $357,810 | $263,777 |
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 |
|---|---|---|---|---|
| EMPOWER LIFE & ANNUITY INS CO OF NY | Recordkeeper | $86,903 | — | $86,903 |
| MORGAN STANLEY INSURANCE SERVICES | Investment Advisor | — | $55,270 | $55,270 |
| STRATEGIC PENSION SERVICES, LLC | Other Service Provider | $890 | $7,911 | $8,801 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $150,974
- Estimated Expense Ratio: 1.284% 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 | $86,758 | — | — | — | — |
| 2023 | $73,267 | — | — | — | — |
| 2022 | $69,154 | — | — | — | $69,154 |