Plan Snapshot
- Plan Sponsor: Amboy Bancorporation
- Sponsor EIN: 221294443
- Sponsor Address: 3590 US HIGHWAY 9, OLD BRIDGE, NJ, 08857
- Plan Type: 401(k)
- Total Participants: 224
- Total Assets: $25.4M
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 | 224 | $25.4M | $174,837 | $1.0M |
| 2023 | 221 | $22.0M | $167,965 | $937,289 |
| 2022 | 218 | $18.7M | $167,307 | $909,906 |
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 |
|---|---|---|---|---|
| ECONOMIC GROUP PENSION SERVICES LLC | THIRD PARTY ADMINISTRATO | — | $5,917 | $5,917 |
| ECONOMIC GROUP PENSION SERVICES INC | THIRD PARTY ADMINISTRAT | — | $5,374 | $5,374 |
| BDO USA,P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDO USA,P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,291
- Estimated Expense Ratio: 0.044% 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 | $11,665 | $2,190 | $8,125 | — | — |
| 2023 | $9,019 | — | $863 | — | — |
| 2022 | $8,975 | — | $8,975 | — | — |