Plan Snapshot
- Plan Sponsor: Greater Bergen Community Action, INC.
- Sponsor EIN: 221818014
- Sponsor Address: 392 MAIN STREET, HACKENSACK, NJ, 07601
- Plan Type: 403(b)
- Total Participants: 503
- Total Assets: $11.0M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 503 | $11.0M | $277,751 | $710,686 |
| 2023 | 494 | $9.6M | $281,017 | $751,469 |
| 2022 | 544 | $8.2M | $287,285 | $757,030 |
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 |
|---|---|---|---|---|
| PRIVATE ADVISOR GROUP LLC | Investment Advisor | $48,689 | — | $48,689 |
| EMPOWER ANNUITY INS CO OF AMERICA | Recordkeeper | $19,510 | — | $19,510 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $7,636 | — | $7,636 |
| THE ANGELL PENSION GROUP, INC | Other Service Provider | $7,200 | — | $7,200 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $83,035
- Estimated Expense Ratio: 0.752% 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 | $120,340 | — | — | — | — |
| 2023 | $105,795 | — | — | — | — |
| 2022 | $108,833 | — | — | — | — |