Plan Snapshot
- Plan Sponsor: Reworld Projects, LLC
- Sponsor EIN: 133213657
- Sponsor Address: 445 SOUTH STREET, MORRISTOWN, NJ, 07960
- Plan Type: 401(k)
- Total Participants: 4,157
- Total Assets: $947.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 4,157 | $947.7M | $20.0M | $33.3M |
| 2023 | 4,198 | $872.3M | $17.4M | $29.4M |
| 2022 | 2,945 | $754.1M | $19.0M | $26.1M |
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 |
|---|---|---|---|---|
| T ROWE PRICE RPS INC | NONE | $334,809 | — | $334,809 |
| EDELMAN FINANCIAL ENGINES | NONE | $249,284 | — | $249,284 |
| CROWE LLC | NONE | $69,714 | — | $69,714 |
| CROWE LLP | Auditor | $69,714 | — | $69,714 |
| CAPFINANCIAL PARTNERS LLC | NONE | $55,855 | — | $55,855 |
| SMITH, GAMBRELL & RUSSELL, LLP | NONE | $49,458 | — | $49,458 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $828,834
- Estimated Expense Ratio: 0.087% 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 | $931,976 | $305,139 | — | $69,714 | — |
| 2023 | $767,899 | $249,554 | — | $29,288 | — |
| 2022 | $533,675 | $70,617 | — | — | $43,437 |