Plan Snapshot
- Plan Sponsor: Bergen'S Promise, INC.
- Sponsor EIN: 223843132
- Sponsor Address: 3 UNIVERSITY PLAZA DRIVE, HACKENSACK, NJ, 07601
- Plan Type: 401(k)
- Total Participants: 218
- Total Assets: $2.9M
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 | 218 | $2.9M | $414,584 | $187,570 |
| 2023 | 202 | $2.2M | $293,210 | $146,992 |
| 2022 | 154 | $1.6M | $236,449 | $32,668 |
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 |
|---|---|---|---|---|
| INSERO & CO. CPAS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- INSERO & CO. CPAS, LLP — 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 | $12,084 | — | $9,719 | — | — |
| 2023 | $9,866 | — | $8,035 | — | — |
| 2022 | $21,337 | — | — | — | — |