Plan Snapshot
- Plan Sponsor: Garden State Consumer Credit Counseling, INC.
- Sponsor EIN: 223120920
- Sponsor Address: 200 US HIGHWAY 9 NORTH, MANALAPAN, NJ, 07726
- Plan Type: 401(k)
- Total Participants: 140
- Total Assets: $7.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 140 | $7.7M | $0 | $417,562 |
| 2023 | 134 | $3.6M | $0 | $340,245 |
| 2022 | 119 | $2.9M | $0 | $280,537 |
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 |
|---|---|---|---|---|
| AMERICAN UNITED LIFE INSURANCE CO | NONE | $2,114 | $26,031 | $28,145 |
| TOPEL & SILVER CPAS | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $28,145
- Estimated Expense Ratio: 0.364% 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 | $1,591 | — | $1,591 | — | — |
| 2023 | $5,094 | — | $5,094 | — | — |
| 2022 | $4,882 | — | $4,882 | — | — |