Plan Snapshot
- Plan Sponsor: Coworx Staffing Services LLC
- Sponsor EIN: 223722243
- Sponsor Address: 412 MOUNT KEMBLE AVE, MORRISTOWN, NJ, 079606674
- Plan Type: 401(k)
- Total Participants: 4,106
- Total Assets: $10.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 4,106 | $10.8M | $104,424 | $951,227 |
| 2023 | 3,219 | $8.7M | $91,319 | $800,178 |
| 2022 | 5,360 | $7.5M | $97,888 | $919,170 |
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 |
|---|---|---|---|---|
| S B H U LIFE AGENCY INC | OTHER SERVICES | — | $22,863 | $22,863 |
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $15,297 | — | $15,297 |
| WITHUMSMITH+BROWN P.C . | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- S B H U LIFE AGENCY INC — OTHER SERVICES
- WITHUMSMITH+BROWN P.C . — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,160
- Estimated Expense Ratio: 0.355% 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 | $15,298 | — | $15,298 | — | — |
| 2023 | $11,531 | — | $11,531 | — | — |
| 2022 | $33,515 | — | $33,515 | — | — |