Plan Snapshot
- Plan Sponsor: Konica Minolta Business Solutions U.S.A., INC.
- Sponsor EIN: 131921089
- Sponsor Address: 100 WILLIAMS DR, RAMSEY, NJ, 07446
- Plan Type: 401(k)
- Total Participants: 5,286
- Total Assets: $1.2B
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 | 5,286 | $1.2B | $15.8M | $37.3M |
| 2023 | 5,380 | $1.1B | $16.0M | $37.1M |
| 2022 | 4,967 | $960.3M | $15.0M | $35.1M |
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 |
|---|---|---|---|---|
| WITHUM SMITH + BROWN. PC | Auditor | $58,450 | — | $58,450 |
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: $58,450
- Estimated Expense Ratio: 0.005% 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 | $856,874 | $105,000 | — | $58,450 | — |
| 2023 | $849,199 | $52,500 | $681,462 | $115,237 | — |
| 2022 | $955,368 | $236,250 | $708,643 | — | — |