Plan Snapshot
- Plan Sponsor: Day Pitney LLP
- Sponsor EIN: 060317480
- Sponsor Address: 8 SYLVAN WAY, PARSIPPANY, NJ, 070542891
- Plan Type: 401(k)
- Total Participants: 650
- Total Assets: $375.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 650 | $375.6M | $5.0M | $8.9M |
| 2023 | 597 | $346.1M | $4.7M | $8.1M |
| 2022 | 560 | $308.1M | $4.3M | $7.4M |
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 |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES,INC | Recordkeeper | $115,165 | — | $115,165 |
| CAPFINANCIAL PARTNERS LLC | Other Service Provider | $38,000 | — | $38,000 |
| FRONTIER ASSET MANAGEMENT LLC | Other Service Provider | $33,129 | — | $33,129 |
| EISNERAMPER LLP | Auditor | $31,421 | — | $31,421 |
| TFC FINANCIAL MANAGEMENT INC. | Other Service Provider | $19,225 | — | $19,225 |
| FIERSTON FINANCIAL GROUP INC | Other Service Provider | $11,769 | — | $11,769 |
| CAPITAL MGMT SERVICE INC | Other Service Provider | $9,316 | — | $9,316 |
| BRADLEY FOSTER & SARGENT INC | Other Service Provider | $8,444 | — | $8,444 |
| COMMONWEALTH EQUITY SERVICES I | Investment Advisor | $7,846 | — | $7,846 |
| WEALTH ENHANCEMENT ADVISORY SE | Other Service Provider | $5,059 | — | $5,059 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHWAB RETIREMENT PLAN SERVICES,INC — Recordkeeper
- EISNERAMPER LLP — Auditor
- COMMONWEALTH EQUITY SERVICES I — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $279,374
- Estimated Expense Ratio: 0.074% 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 | $283,375 | $148,642 | — | $31,421 | — |
| 2023 | $285,242 | $157,564 | $33,600 | — | — |
| 2022 | $263,220 | $135,065 | — | — | $28,907 |