Plan Snapshot
- Plan Sponsor: 981 Management Company LLC
- Sponsor EIN: 222827766
- Sponsor Address: 515 MARIN BOULEVARD, JERSEY CITY, NJ, 07302
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 381
- Total Assets: $7.5M
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. |
|---|---|---|---|---|
| 2025 | 381 | $7.5M | $0 | $0 |
| 2024 | 338 | $5.8M | $194,608 | $830,908 |
| 2023 | 316 | $4.7M | $163,856 | $709,526 |
| 2022 | 303 | $3.5M | $156,674 | $662,230 |
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 |
|---|---|---|---|---|
| MASSEY, QUICK, SIMON & CO., LLC | Investment Advisor | $30,897 | — | $30,897 |
| ADP, INC. | Recordkeeper | $21,195 | — | $21,195 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $52,092
- Estimated Expense Ratio: 0.698% 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 |
|---|---|---|---|---|---|
| 2025 | $560,706 | $30,897 | — | — | — |
| 2024 | $42,999 | $24,259 | — | — | — |
| 2023 | $35,269 | $30,587 | — | — | — |
| 2022 | $31,778 | — | — | — | — |