Plan Snapshot
- Plan Sponsor: Ferraro Foods Of New Jersey LLC
- Sponsor EIN: 825064864
- Sponsor Address: 287 S. RANDOLPHVILLE ROAD, PISCATAWAY, NJ, 088543806
- Plan Type: 401(k)
- Total Participants: 873
- Total Assets: $35.9M
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. |
|---|---|---|---|---|
| 2024 | 873 | $35.9M | $743,997 | $4.4M |
| 2023 | 905 | $29.7M | $630,745 | $3.8M |
| 2022 | 732 | $22.0M | $421,289 | $2.5M |
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 |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $112,612 | — | $112,612 |
| GLOBAL RETIREMENT PARTNERS | INVESTMENT/FINANCIAL ADVI | $45,684 | — | $45,684 |
| ROSENBERG RICH BAKER BERMAN, P.A. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- GLOBAL RETIREMENT PARTNERS — INVESTMENT/FINANCIAL ADVI
- ROSENBERG RICH BAKER BERMAN, P.A. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $158,296
- Estimated Expense Ratio: 0.441% 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 | $165,945 | $53,333 | — | — | — |
| 2023 | $138,099 | $37,008 | — | — | — |
| 2022 | $101,775 | — | — | — | — |