Plan Snapshot
- Plan Sponsor: Enhance Therapies
- Sponsor EIN: 223321058
- Sponsor Address: 685 RIVER AVENUE, LAKEWOOD, NJ, 08701
- Plan Type: 401(k)
- Total Participants: 9,087
- Total Assets: $114.7M
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 | 9,087 | $114.7M | $324,475 | $12.2M |
| 2023 | 7,107 | $91.8M | $71 | $9.9M |
| 2022 | 4,913 | $68.6M | $131,997 | $4.6M |
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 |
|---|---|---|---|---|
| GGM ASSOCIATES INC | Auditor | $34,000 | — | $34,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $34,000
- Estimated Expense Ratio: 0.030% 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 | $294,658 | $128,882 | — | $34,000 | — |
| 2023 | $277,938 | $173,617 | — | — | — |
| 2022 | $70,458 | — | — | — | — |