Plan Snapshot
- Plan Sponsor: Damascus Bakery Opco, LLC
- Sponsor EIN: 274836227
- Sponsor Address: 60 MCCLELLAN STREET, NEWARK, NJ, 07114
- Plan Type: 401(k)
- Total Participants: 347
- Total Assets: $8.4M
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 | 347 | $8.4M | $359,783 | $753,731 |
| 2023 | 339 | $7.1M | $317,939 | $654,822 |
| 2022 | 295 | $5.7M | $283,218 | $573,025 |
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 |
|---|---|---|---|---|
| CARY ST PARTNERS INVESTMENT ADVISOR | Investment Advisor | $36,986 | — | $36,986 |
| ADP, INC. | Recordkeeper | $17,738 | — | $17,738 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CARY ST PARTNERS INVESTMENT ADVISOR — Investment Advisor
- ADP, INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $54,724
- Estimated Expense Ratio: 0.651% 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 | $54,725 | $36,986 | — | — | — |
| 2023 | $45,686 | $29,403 | — | — | — |
| 2022 | $43,417 | — | — | — | — |