Plan Snapshot
- Plan Sponsor: Cherryroad Technologies INC.
- Sponsor EIN: 205084389
- Sponsor Address: 6 UPPER POND RD, PARSIPPANY, NJ, 07054
- Plan Type: 401(k)
- Total Participants: 619
- Total Assets: $57.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 619 | $57.6M | $979,494 | $3.1M |
| 2023 | 536 | $51.7M | $858,657 | $2.9M |
| 2022 | 487 | $45.3M | $828,707 | $2.9M |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS | INVESTMENT/FINANCIAL ADVI | $93,921 | — | $93,921 |
| ADP, INC. | RECORD KEEPER | $88,128 | — | $88,128 |
| MCINTYRE & COMPANY CPAS LLC | ACCOUNTANT | $32,700 | — | $32,700 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS — INVESTMENT/FINANCIAL ADVI
- ADP, INC. — RECORD KEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $214,749
- Estimated Expense Ratio: 0.373% 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 | $171,477 | $37,743 | — | — | — |
| 2023 | $122,597 | $50,620 | — | — | — |
| 2022 | $119,472 | — | — | — | — |