Plan Snapshot
- Plan Sponsor: Hamilton Cardiology Associates, P.A.
- Sponsor EIN: 223052989
- Sponsor Address: 2073 KLOCKNER ROAD, HAMILTON TOWNSHIP, NJ, 08690
- Plan Type: 401(k)
- Total Participants: 87
- Total Assets: $20.4M
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 | 87 | $20.4M | $273,300 | $627,746 |
| 2023 | 100 | $19.5M | $321,321 | $590,979 |
| 2022 | 88 | $16.1M | $266,494 | $500,471 |
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 |
|---|---|---|---|---|
| WITHUM SMITH+BROWN, PC. | Auditor | $36,436 | — | $36,436 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WITHUM SMITH+BROWN, PC. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $36,436
- Estimated Expense Ratio: 0.179% 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 | $109,601 | $47,493 | — | $36,436 | — |
| 2023 | $85,918 | $19,935 | — | $44,924 | — |
| 2022 | $118,486 | $96,498 | $21,988 | — | — |