Plan Snapshot
- Plan Sponsor: Gellert Global Group
- Sponsor EIN: 260722578
- Sponsor Address: ONE ATALANTA PLAZA, ELIZABETH, NJ, 07206
- Plan Type: 401(k)
- Total Participants: 1,834
- Total Assets: $85.3M
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 | 1,834 | $85.3M | $1.8M | $3.8M |
| 2023 | 1,686 | $72.5M | $1.8M | $3.7M |
| 2022 | 1,499 | $61.7M | $1.8M | $3.5M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER AND S | RECORDKEEPER | $280,226 | — | $280,226 |
| NEWPORT CAPITAL GROUP | CONSULTANT | $225,939 | — | $225,939 |
| RSM US LLP | ACCOUNTANT | $49,613 | — | $49,613 |
| HILL, BARTH & KING, LLC | Auditor | $49,612 | — | $49,612 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RSM US LLP — ACCOUNTANT
- HILL, BARTH & KING, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $605,390
- Estimated Expense Ratio: 0.710% 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 | $555,777 | $225,939 | — | $49,612 | — |
| 2023 | $292,234 | — | — | $63,000 | — |
| 2022 | $265,591 | — | — | — | — |