Plan Snapshot
- Plan Sponsor: Acute Care Health System
- Sponsor EIN: 223858830
- Sponsor Address: 1075 STEPHENSON AVENUE, OCEANPORT, NJ, 07757
- Plan Type: 401(k)
- Total Participants: 119
- Total Assets: $13.1M
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 | 119 | $13.1M | $136,389 | $641,022 |
| 2023 | 134 | $13.2M | $254,038 | $1.1M |
| 2022 | 283 | $10.5M | $225,962 | $954,918 |
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 |
|---|---|---|---|---|
| MMA SECURITIES LLC | BROKER/DEALER | — | $31,453 | $31,453 |
| VOYA RETIREMENT ADVISORS LLC | SERVICE PROVIDER | $17,993 | — | $17,993 |
| ASCENSUS C/O FUTUREPLAN | THIRD PARTY ADMINISTRATOR | — | $6,745 | $6,745 |
| ELLIOTT GROUP CPAS, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MMA SECURITIES LLC — BROKER/DEALER
- ELLIOTT GROUP CPAS, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $56,191
- Estimated Expense Ratio: 0.430% 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 | $26,268 | $16,593 | $9,675 | — | — |
| 2023 | $29,296 | $17,296 | — | — | — |
| 2022 | $15,424 | — | $15,424 | — | — |