Plan Snapshot
- Plan Sponsor: Fellowshiplife, INC.
- Sponsor EIN: 223146725
- Sponsor Address: 8000 FELLOWSHIP RD, BASKING RIDGE, NJ, 07920
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 489
- Total Assets: $15.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2023 | 489 | $15.9M | $613,447 | $1.4M |
| 2022 | 324 | $12.3M | $397,995 | $965,035 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $80,990 | — | $80,990 |
| SAGEPOINT FINANCIAL | Investment Advisor | — | $28,455 | $28,455 |
| ORENDA RETIREMENT LLC | Recordkeeper | $9,817 | $3,736 | $13,553 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $122,998
- Estimated Expense Ratio: 0.772% 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 |
|---|---|---|---|---|---|
| 2023 | $96,274 | — | $96,274 | — | — |
| 2022 | $79,663 | — | $79,663 | — | — |