Plan Snapshot
- Plan Sponsor: Kingsway Learning Center
- Sponsor EIN: 222126371
- Sponsor Address: 244 ROUTE 38, WEST MOORESTOWN, NJ, 08057
- Plan Type: 401(k)
- Total Participants: 204
- Total Assets: $9.1M
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 | 204 | $9.1M | $337,730 | $493,842 |
| 2023 | 189 | $8.1M | $336,009 | $447,790 |
| 2022 | 183 | $7.6M | $135,805 | $463,250 |
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 |
|---|---|---|---|---|
| MERCADIEN, P.C., CPAS | Auditor | — | — | $0 |
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 | $58,598 | — | $55,698 | — | — |
| 2023 | $53,906 | — | $53,599 | — | — |
| 2022 | $57,792 | — | $57,792 | — | — |