Plan Snapshot
- Plan Sponsor: Clinilabs, INC.
- Sponsor EIN: 134116482
- Sponsor Address: 4 INDUSTRIAL WAY WEST, EATONTOWN, NJ, 07724
- Plan Type: 401(k)
- Total Participants: 203
- Total Assets: $8.4M
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 | 203 | $8.4M | $118,376 | $977,755 |
| 2023 | 184 | $7.7M | $107,158 | $878,834 |
| 2022 | 153 | $7.0M | $90,802 | $737,854 |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | RECORD KEEPER | $19,843 | — | $19,843 |
| WELLS FARGO ADVISORS FINANCIAL NETW | SERVICE PROVIDER | — | $16,037 | $16,037 |
| COULTER & JUSTUS | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $35,880
- Estimated Expense Ratio: 0.425% 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 | $23,648 | — | $23,048 | — | — |
| 2023 | $58,075 | — | $18,144 | — | — |
| 2022 | $54,673 | — | $54,673 | — | — |