Plan Snapshot
- Plan Sponsor: Audiology Benefits Service, LLC
- Sponsor EIN: 222580521
- Sponsor Address: 580 HOWARD AVENUE, SOMERSET, NJ, 08873
- Plan Type: 401(k)
- Total Participants: 3,104
- Total Assets: $216.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 3,104 | $216.3M | $5.6M | $17.4M |
| 2023 | 2,662 | $174.3M | $5.1M | $15.1M |
| 2022 | 2,371 | $146.4M | $4.5M | $13.7M |
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 |
|---|---|---|---|---|
| COHNREZNICK LLP | Auditor | $30,225 | — | $30,225 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $30,225
- Estimated Expense Ratio: 0.014% 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 | $358,815 | $85,000 | — | $30,225 | — |
| 2023 | $286,300 | $75,000 | $211,300 | — | — |
| 2022 | $188,945 | — | $188,945 | — | — |