Plan Snapshot
- Plan Sponsor: Crestek, INC And Subsidiaries Fka Crest Ultrasonics
- Sponsor EIN: 210730859
- Sponsor Address: 18 GRAPHICS DRIVE, EWING, NJ, 08628
- Plan Type: 401(k)
- Total Participants: 122
- Total Assets: $8.1M
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 | 122 | $8.1M | $149,265 | $411,322 |
| 2023 | 123 | $7.4M | $131,414 | $401,565 |
| 2022 | 130 | $5.8M | $121,303 | $353,823 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH RETIREMENT & BENEFIT | NONE | $36,622 | — | $36,622 |
| ASCENSUS LLC | NONE | $5,106 | — | $5,106 |
| COHNREZNICK LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $41,728
- Estimated Expense Ratio: 0.514% 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 | $41,728 | $36,622 | $5,106 | — | — |
| 2023 | $33,109 | $29,882 | $3,227 | — | — |
| 2022 | $34,751 | $30,767 | $3,984 | — | — |