Plan Snapshot
- Plan Sponsor: Kayal Medical Group LLC
- Sponsor EIN: 874143819
- Sponsor Address: 784 FRANKLIN AVE STE 250, FRANKLIN LAKES, NJ, 074171306
- Plan Type: 401(k)
- Total Participants: 170
- Total Assets: $12.3M
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 | 170 | $12.3M | $423,844 | $804,056 |
| 2023 | 162 | $9.5M | $367,926 | $718,600 |
| 2022 | 135 | $7.2M | $309,070 | $642,051 |
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 |
|---|---|---|---|---|
| LEVELIZED COMPENSATION ADVISOR | INVESTMENT ADVISORY | $44,341 | — | $44,341 |
| PAYCHEX, INC. | RECORDKEEPER | $22,474 | — | $22,474 |
| FASTEN HALBERSTAM LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PAYCHEX, INC. — RECORDKEEPER
- FASTEN HALBERSTAM LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $66,815
- Estimated Expense Ratio: 0.542% 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 | $67,365 | $44,341 | $22,236 | — | — |
| 2023 | $42,082 | $26,632 | $15,450 | — | — |
| 2022 | $709 | — | $709 | — | — |