Plan Snapshot
- Plan Sponsor: First Commerce Bank
- Sponsor EIN: 203528237
- Sponsor Address: 105 RIVER AVE, LAKEWOOD, NJ, 08701
- Plan Type: 401(k)
- Total Participants: 140
- Total Assets: $4.2M
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 | 140 | $4.2M | $183,431 | $576,864 |
| 2023 | 141 | $3.6M | $193,633 | $526,186 |
| 2022 | 129 | $2.6M | $144,863 | $467,946 |
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 | $24,712 | — | $24,712 |
| GLOBAL RETIREMENT PARTNERS | INVESTMENT/FINANCIAL ADVI | $18,035 | — | $18,035 |
| MAILLIE ACCOUNTANTS/ADVISORS | 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
- MAILLIE ACCOUNTANTS/ADVISORS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $42,747
- Estimated Expense Ratio: 1.006% 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 | $42,749 | $18,036 | — | — | — |
| 2023 | $33,601 | $13,622 | — | — | — |
| 2022 | $29,306 | — | — | — | — |