Plan Snapshot
- Plan Sponsor: Imperial Healthcare
- Sponsor EIN: 830518549
- Sponsor Address: 1777 AVENUE OF THE STATES, LAKEWOOD, NJ, 08701
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 897
- Total Assets: $2.2M
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. |
|---|---|---|---|---|
| 2023 | 897 | $2.2M | $7,644 | $390,928 |
| 2022 | 1,217 | $1.6M | $3,975 | $400,746 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $15,253 | — | $15,253 |
| MERRILL LYNCH PIERCE FENNER & SMITH | Other Service Provider | $6,677 | $8 | $6,685 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $21,938
- Estimated Expense Ratio: 1.020% 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 |
|---|---|---|---|---|---|
| 2023 | $41,043 | — | $41,043 | — | — |
| 2022 | $42,757 | — | — | — | $42,757 |