Plan Snapshot
- Plan Sponsor: Marlin Leasing Corporation Dba Peac Solutions
- Sponsor EIN: 223520555
- Sponsor Address: 300 FELLOWSHIP ROAD, MOUNT LAUREL, NJ, 080541201
- Plan Type: 401(k)
- Total Participants: 236
- Total Assets: $24.6M
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 | 236 | $24.6M | $641,028 | $2.0M |
| 2023 | 192 | $20.5M | $352,930 | $1.4M |
| 2022 | 204 | $20.4M | $601,526 | $1.7M |
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 |
|---|---|---|---|---|
| LINCOLN NATIONAL CORPORATION | SERVICE PROVIDER | $37,520 | — | $37,520 |
| STEPHANO SLACK, LLC | AUDITOR | $29,000 | — | $29,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LINCOLN NATIONAL CORPORATION — SERVICE PROVIDER
- STEPHANO SLACK, LLC — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $66,520
- Estimated Expense Ratio: 0.271% 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 | $66,520 | — | $37,520 | $29,000 | — |
| 2023 | $50,956 | — | $42,956 | $8,000 | — |
| 2022 | $32,547 | — | $32,547 | — | — |