Plan Snapshot
- Plan Sponsor: Collabera, INC.
- Sponsor EIN: 223093525
- Sponsor Address: 110 ALLEN RD, BASKING RIDGE, NJ, 07920
- Plan Type: 401(k)
- Total Participants: 3,480
- Total Assets: $102.6M
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 | 3,480 | $102.6M | $995,349 | $13.5M |
| 2023 | 3,801 | $87.2M | $0 | $13.4M |
| 2022 | 5,019 | $68.9M | $0 | $12.5M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $139,404 | — | $139,404 |
| WELLS FARGO ADVISORS | INVESTMENT ADVISORY | $49,989 | $11 | $50,000 |
| COHNREZNICK LLP | ACCOUNTANT | $17,850 | — | $17,850 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $207,254
- Estimated Expense Ratio: 0.202% 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 | $207,243 | $49,989 | $139,404 | $17,850 | — |
| 2023 | $175,305 | $49,978 | $105,417 | $19,910 | — |
| 2022 | $152,795 | $33,468 | $96,759 | — | $22,568 |