Plan Snapshot
- Plan Sponsor: Haztek, INC.
- Sponsor EIN: 223495303
- Sponsor Address: 143 MEDFORD-MT. HOLLY ROAD, MEDFORD, NJ, 08055
- Plan Type: Health & Welfare
- Plan Number: 504
- Total Participants: 182
- Total Assets: $1.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 182 | $1.2M | $2.6M | $893,920 |
| 2023 | 172 | $967,549 | $2.2M | $936,677 |
| 2022 | 164 | $739,573 | $1.9M | $966,172 |
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 |
|---|---|---|---|---|
| MARSH & MCLENNAN AGENCY, LLC (BOSTO | Investment Advisor | $95,906 | — | $95,906 |
| AETNA HEALTH PLANS | Other Service Provider | $67,284 | — | $67,284 |
| THE BENECON GROUP | Investment Advisor | $37,680 | — | $37,680 |
| CONNECTCARE3 | Other Service Provider | $11,837 | — | $11,837 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $212,707
- Estimated Expense Ratio: 17.046% 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 | $1,161,043 | $51,878 | $160,649 | — | — |
| 2023 | $907,703 | $45,744 | $155,153 | — | — |
| 2022 | $740,978 | $42,794 | $147,539 | — | — |