Plan Snapshot
- Plan Sponsor: First Children, LLC.
- Sponsor EIN: 270255284
- Sponsor Address: 1256 MARLKRESS RD, CHERRY HILL, NJ, 08003
- Plan Type: 401(k)
- Total Participants: 333
- Total Assets: $2.7M
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 | 333 | $2.7M | $1,233 | $380,611 |
| 2023 | 362 | $2.1M | $0 | $345,744 |
| 2022 | 375 | $1.2M | $0 | $268,408 |
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 |
|---|---|---|---|---|
| MML INVESTORS SERVICES | NONE | $11,486 | — | $11,486 |
| MERCADIEN, P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,486
- Estimated Expense Ratio: 0.431% 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 | $14,416 | $11,486 | $2,930 | — | — |
| 2023 | $9,179 | $7,685 | $1,494 | — | — |
| 2022 | $9,177 | $5,800 | $3,377 | — | — |