Plan Snapshot
- Plan Sponsor: Hermann Services, INC.
- Sponsor EIN: 221964276
- Sponsor Address: 21 DISTIBUTION WAY, MONMOUTH JUNCTION, NJ, 08852
- Plan Type: 401(k)
- Total Participants: 243
- Total Assets: $15.1M
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 | 243 | $15.1M | $185,442 | $650,571 |
| 2023 | 266 | $14.2M | $176,340 | $626,485 |
| 2022 | 257 | $13.5M | $123,521 | $496,364 |
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 |
|---|---|---|---|---|
| KATZ, SAPPER & MILLER, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KATZ, SAPPER & MILLER, LLP — Auditor
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 | $4,622 | $2,627 | $695 | — | — |
| 2023 | $7,485 | $5,094 | $547 | — | — |
| 2022 | $3,956 | $2,399 | — | — | — |