Plan Snapshot
- Plan Sponsor: Best Transportation Services LLC
- Sponsor EIN: 223591323
- Sponsor Address: 263 DISTRIBUTION ST, NEWARK, NJ, 07114
- Plan Type: 401(k)
- Total Participants: 85
- Total Assets: $2.5M
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 | 85 | $2.5M | $51,958 | $487,201 |
| 2023 | 85 | $2.0M | $64,556 | $421,065 |
| 2022 | 100 | $1.7M | $39,404 | $467,119 |
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 |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $19,384 | — | $19,384 |
| CADARET GRANT & CO INC | INVESTMENT/FINANCIAL ADVI | $11,006 | — | $11,006 |
| SMOLIN LUPIN & CO. LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- SMOLIN LUPIN & CO. LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $30,390
- Estimated Expense Ratio: 1.239% 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 | $25,831 | $14,990 | — | — | — |
| 2023 | $17,325 | $14,741 | — | — | — |
| 2022 | $19,663 | — | — | — | — |