Plan Snapshot
- Plan Sponsor: Matheny Medical & Educational Center
- Sponsor EIN: 221482276
- Sponsor Address: 65 HIGHLAND AVENUE, PEAPECK, NJ, 07977
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 644
- Total Assets: $3,134
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 644 | $3,134 | $4.2M | $1.8M |
| 2023 | 520 | $158,612 | $4.5M | $2.0M |
| 2022 | 519 | $174,644 | $5.6M | $1.6M |
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 |
|---|---|---|---|---|
| CONTINENTAL BENEFITS | Other Service Provider | $113,481 | — | $113,481 |
| INNOVATIVE BENEFIT PLANNING | Other Service Provider | $81,942 | — | $81,942 |
| AETNA LIFE INSURANCE | Other Service Provider | $70,923 | — | $70,923 |
| AMERICAN HEALTH HOLDINGS | Other Service Provider | $10,049 | — | $10,049 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $276,395
- Estimated Expense Ratio: 8819.241% 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 | $289,730 | — | $289,730 | — | — |
| 2023 | $302,848 | — | $302,468 | — | — |
| 2022 | $288,828 | — | — | — | — |