Plan Snapshot
- Plan Sponsor: Covis Pharma Us, INC.
- Sponsor EIN: 845171883
- Sponsor Address: 200 CONNELL DRIVE, BERKELEY HEIGHTS, NJ, 07922
- Plan Type: 401(k)
- Total Participants: 56
- Total Assets: $10.3M
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 | 56 | $10.3M | $568,216 | $1.1M |
| 2023 | 64 | $9.2M | $729,624 | $1.2M |
| 2022 | 135 | $10.2M | $1.2M | $2.1M |
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 |
|---|---|---|---|---|
| NORTHWESTERN MUTUAL WEALTH MGMT CO. | INVESTMENT ADVISOR | $23,271 | — | $23,271 |
| EMPOWER ANNUITY INSURANCE CO. OF AM | RECORDKEEPER | $14,948 | — | $14,948 |
| DELAWARE VALLEY RETIREMENT, INC. | THIRD PARTY ADMINISTRATO | $14,090 | — | $14,090 |
| EMPOWER ADVISORY GOUP, LLC | INVESTMENT MGMT | $11,443 | — | $11,443 |
| TORRILLO & ASSOCIATES, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TORRILLO & ASSOCIATES, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $63,752
- Estimated Expense Ratio: 0.617% 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 | $63,752 | $34,714 | $14,090 | — | — |
| 2023 | $71,790 | $37,054 | $15,829 | — | — |
| 2022 | $55,935 | — | — | — | — |