Plan Snapshot
- Plan Sponsor: Ferolie Corporation
- Sponsor EIN: 131657344
- Sponsor Address: 2 VAN RIPER ROAD, MONTVALE, NJ, 076450409
- Plan Type: 401(k)
- Total Participants: 421
- Total Assets: $53.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 421 | $53.5M | $403,702 | $2.1M |
| 2023 | 286 | $44.2M | $333,291 | $1.7M |
| 2022 | 280 | $36.4M | $306,982 | $1.7M |
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 |
|---|---|---|---|---|
| PKF O'CONNOR DAVIES, LLP | Auditor | $15,125 | — | $15,125 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PKF O'CONNOR DAVIES, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $15,125
- Estimated Expense Ratio: 0.028% 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 | $95,462 | $71,805 | $8,532 | $15,125 | — |
| 2023 | $85,095 | $60,880 | $7,312 | $16,850 | — |
| 2022 | $84,164 | $59,586 | $12,545 | — | $12,000 |