Plan Snapshot
- Plan Sponsor: Kessler Foundation
- Sponsor EIN: 311562134
- Sponsor Address: 120 EAGLE ROCK AVENUE, EAST HANOVER, NJ, 07936
- Plan Type: 401(k)
- Total Participants: 171
- Total Assets: $35.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 171 | $35.0M | $1.1M | $1.3M |
| 2023 | 152 | $30.7M | $1.0M | $1.2M |
| 2022 | 144 | $25.4M | $903,202 | $1.0M |
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 | CONTRACT ADMINISTRATOR | $39,141 | — | $39,141 |
| INTAC ACTUARIAL SERVICES INC | OTHER SERVICES | — | $13,770 | $13,770 |
| WITHUM SMITH & BROWN PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WITHUM SMITH & BROWN PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $52,911
- Estimated Expense Ratio: 0.151% 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 | $39,168 | — | $39,168 | — | — |
| 2023 | $46,018 | — | $46,018 | — | — |
| 2022 | $39,447 | — | $39,447 | — | — |