Plan Snapshot
- Plan Sponsor: Genova Burns LLC
- Sponsor EIN: 222940404
- Sponsor Address: 494 BROAD STREET, NEWARK, NJ, 07102
- Plan Type: 401(k)
- Total Participants: 104
- Total Assets: $15.8M
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 | 104 | $15.8M | $71,978 | $818,253 |
| 2023 | 102 | $20.0M | $113,255 | $1.0M |
| 2022 | 109 | $16.4M | $118,057 | $978,828 |
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 |
|---|---|---|---|---|
| CITRIN COOPERMAN & COMPANY | Auditor | — | — | $0 |
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 | $42,158 | $38,196 | — | — | — |
| 2023 | $57,386 | $55,771 | $1,615 | — | — |
| 2022 | $49,902 | — | $48,377 | — | $1,525 |