Plan Snapshot
- Plan Sponsor: First Montgomery Payroll INC.
- Sponsor EIN: 223455347
- Sponsor Address: 222 HADDON AVENUE, HADDON TOWNSHIP, NJ, 081082827
- Plan Type: 401(k)
- Total Participants: 121
- Total Assets: $12.5M
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 | 121 | $12.5M | $324,080 | $744,846 |
| 2023 | 117 | $10.5M | $266,785 | $672,664 |
| 2022 | 122 | $8.9M | $228,164 | $593,967 |
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 |
|---|---|---|---|---|
| BOWMAN & COMPANY LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BOWMAN & COMPANY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $38,988 | $24,869 | $14,119 | — | — |
| 2023 | $47,975 | $29,821 | $18,154 | — | — |
| 2022 | $55,522 | $31,801 | $23,721 | — | — |