Plan Snapshot
- Plan Sponsor: Cipla Usa
- Sponsor EIN: 990381385
- Sponsor Address: 10 INDEPENDENCE BLVD., WARREN, NJ, 07059
- Plan Type: 401(k)
- Total Participants: 787
- Total Assets: $44.6M
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 | 787 | $44.6M | $2.8M | $4.1M |
| 2023 | 762 | $35.2M | $2.4M | $3.5M |
| 2022 | 738 | $27.3M | $2.3M | $3.5M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $38,536 | — | $38,536 |
| PLANNED RETIREMENT CONSULTANTS & AD | THIRD PARTY ADMINISTRATOR | $15,513 | — | $15,513 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $6,572 | — | $6,572 |
| KNAV CPA LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KNAV CPA LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $60,621
- Estimated Expense Ratio: 0.136% 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 | $50,020 | $6,572 | $15,513 | — | — |
| 2023 | $23,136 | $592 | $22,544 | — | — |
| 2022 | $16,274 | — | $16,274 | — | — |