Plan Snapshot
- Plan Sponsor: Lynnes Nissan City INC.
- Sponsor EIN: 221643602
- Sponsor Address: 318 BLOOMFIELD AVENUE, BLOOMFIELD, NJ, 07003
- Plan Type: 401(k)
- Total Participants: 154
- Total Assets: $8.1M
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 | 154 | $8.1M | $0 | $713,520 |
| 2023 | 149 | $7.0M | $0 | $712,033 |
| 2022 | 147 | $5.9M | $0 | $762,579 |
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 |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $24,582 | — | $24,582 |
| MAGONE & COMPANY PC CPA'S | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $24,582
- Estimated Expense Ratio: 0.303% 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 | $24,582 | — | — | — | — |
| 2023 | $19,075 | — | — | — | — |
| 2022 | $18,418 | — | — | — | — |