Plan Snapshot
- Plan Sponsor: Hudson Community Enterprises, INC.
- Sponsor EIN: 221629147
- Sponsor Address: 68-70 TUERS AVE., JERSEY CITY, NJ, 07306
- Plan Type: 401(k)
- Total Participants: 470
- Total Assets: $3.8M
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 | 470 | $3.8M | $181,521 | $322,702 |
| 2023 | 477 | $3.3M | $169,152 | $288,005 |
| 2022 | 416 | $2.9M | $161,344 | $253,422 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH LIFE AGENCY, INC. | Investment Advisor | $20,318 | — | $20,318 |
| TRANSAMERICA FINANCIAL LIFE INS. CO | Recordkeeper | $13,664 | — | $13,664 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MERRILL LYNCH LIFE AGENCY, INC. — Investment Advisor
- TRANSAMERICA FINANCIAL LIFE INS. CO — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $33,982
- Estimated Expense Ratio: 0.906% 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 | $33,982 | $20,318 | — | — | — |
| 2023 | $34,404 | $2,962 | $14,810 | — | — |
| 2022 | $32,308 | $17,151 | — | — | — |