Plan Snapshot
- Plan Sponsor: Longbridge Financial LLC
- Sponsor EIN: 460530020
- Sponsor Address: 61 SOUTH PARAMUS ROAD, PARAMUS, NJ, 07652
- Plan Type: 401(k)
- Total Participants: 411
- Total Assets: $21.8M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 411 | $21.8M | $1.5M | $2.9M |
| 2023 | 422 | $16.1M | $1.2M | $2.3M |
| 2022 | 391 | $8.3M | $1.2M | $1.9M |
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 |
|---|---|---|---|---|
| RICHEY MAY & CO., LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RICHEY MAY & CO., LLP — Auditor
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 | $115,578 | $32,331 | $83,247 | — | — |
| 2023 | $86,394 | $24,334 | $62,060 | — | — |
| 2022 | $40,351 | $5,855 | $34,496 | — | — |