Plan Snapshot
- Plan Sponsor: Aspire Pharmaceuticals INC.
- Sponsor EIN: 264768954
- Sponsor Address: 41 VERONICA AVE, SOMERSET, NJ, 08873
- Plan Type: 401(k)
- Total Participants: 138
- Total Assets: $4.9M
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 | 138 | $4.9M | $0 | $556,128 |
| 2023 | 119 | $4.9M | $229,261 | $499,021 |
| 2022 | 129 | $3.6M | $211,308 | $451,580 |
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 |
|---|---|---|---|---|
| RAM ASSOCIATES | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RAM ASSOCIATES — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $12,725 | $9,492 | — | — | — |
| 2023 | $22,251 | — | $22,251 | — | — |
| 2022 | $19,788 | — | $19,788 | — | — |