Plan Snapshot
- Plan Sponsor: Berkeley College
- Sponsor EIN: 222810633
- Sponsor Address: 44 RIFLE CAMP ROAD, WOODLAND PARK, NJ, 07424
- Plan Type: 401(k)
- Total Participants: 469
- Total Assets: $108.1M
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 | 469 | $108.1M | $0 | $3.1M |
| 2023 | 480 | $98.6M | $0 | $3.1M |
| 2022 | 486 | $91.2M | $0 | $3.4M |
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 |
|---|---|---|---|---|
| MERCER | NONE | $95,463 | — | $95,463 |
| T ROWE PRICE RPS INC | NONE | $68,898 | — | $68,898 |
| COHNREZNICK LLP | NONE | $11,000 | — | $11,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $175,361
- Estimated Expense Ratio: 0.162% 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 | $176,161 | — | — | $11,000 | — |
| 2023 | $143,972 | $19,250 | — | $15,000 | — |
| 2022 | $162,351 | — | — | — | $85,750 |