Plan Snapshot
- Plan Sponsor: Connectone Bank
- Sponsor EIN: 201172127
- Sponsor Address: 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS, NJ, 07632
- Plan Type: 401(k)
- Total Participants: 479
- Total Assets: $59.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 479 | $59.6M | $2.9M | $4.5M |
| 2023 | 488 | $45.9M | $2.5M | $4.3M |
| 2022 | 481 | $35.4M | $2.2M | $3.4M |
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 |
|---|---|---|---|---|
| SAIPH CAPITAL, LLC | SERVICE PROVIDER | — | $77,602 | $77,602 |
| VOYA RETIREMENT ADVISORS, LLC | SERVICE PROVIDER | $28,327 | — | $28,327 |
| LOREN D. STARK COMPANY | THIRD PARTY ADMINISTRATO | — | $23,876 | $23,876 |
| MORNINGSTAR | SERVICE PROVIDER | — | $7,629 | $7,629 |
| CROWE LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORNINGSTAR — SERVICE PROVIDER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $137,434
- Estimated Expense Ratio: 0.230% 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 | $127,747 | — | $127,747 | — | — |
| 2023 | $47,396 | $47,396 | — | — | — |
| 2022 | $71,613 | $71,613 | — | — | — |