Plan Snapshot
- Plan Sponsor: Grand Bk Corporation
- Sponsor EIN: 204605387
- Sponsor Address: 333 STARKE ROAD, CARLSTADT, NJ, 07072
- Plan Type: 401(k)
- Total Participants: 252
- Total Assets: $8.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 252 | $8.2M | $704,444 | $1.2M |
| 2023 | 223 | $5.8M | $664,990 | $1.1M |
| 2022 | 236 | $3.5M | $581,980 | $948,529 |
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 |
|---|---|---|---|---|
| ONEDIGITAL INVESTMENT ADVISORS | INVESTMENT ADVISOR | $35,649 | — | $35,649 |
| WISS & COMPANY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ONEDIGITAL INVESTMENT ADVISORS — INVESTMENT ADVISOR
- WISS & COMPANY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $35,649
- Estimated Expense Ratio: 0.433% 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 | $83,410 | $35,648 | $47,762 | — | — |
| 2023 | $64,498 | $25,659 | $37,664 | — | — |
| 2022 | $45,824 | $21,759 | $23,425 | — | — |