Plan Snapshot
- Plan Sponsor: Cross River Bank
- Sponsor EIN: 261942598
- Sponsor Address: 2115 LINWOOD AVENUE, FORT LEE, NJ, 07024
- Plan Type: 401(k)
- Total Participants: 661
- Total Assets: $53.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 661 | $53.3M | $3.4M | $6.6M |
| 2023 | 661 | $38.0M | $2.9M | $5.8M |
| 2022 | 588 | $23.3M | $2.6M | $4.8M |
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 |
|---|---|---|---|---|
| ALLIANCEBERNSTEIN LP | INVESTMENT ADVISOR | $86,206 | — | $86,206 |
| EMPOWER ANNUITY INS CO OF AMERICA | RECORDKEEPER | $55,114 | — | $55,114 |
| ECONOMIC GROUP PENSION SERVICES | CONTRACT ADMIN | $21,725 | — | $21,725 |
| EISNERAMPER LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EISNERAMPER LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $163,045
- Estimated Expense Ratio: 0.306% 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 | $167,146 | — | $167,146 | — | — |
| 2023 | $42,854 | — | $42,854 | — | — |
| 2022 | $3,674 | — | $3,674 | — | — |