Plan Snapshot
- Plan Sponsor: Matrix New World Engineering, Land Surveying, And Landscape Architectu
- Sponsor EIN: 223057511
- Sponsor Address: 26 COLUMBIA TURNPIKE, FLORHAM PARK, NJ, 07932
- Plan Type: 401(k)
- Total Participants: 148
- Total Assets: $25.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 148 | $25.9M | $811,522 | $1.6M |
| 2023 | 160 | $27.0M | $770,577 | $1.7M |
| 2022 | 174 | $22.5M | $648,780 | $1.4M |
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 |
|---|---|---|---|---|
| MMA SECURITIES LLC | Investment Advisor | $70,025 | — | $70,025 |
| ESSEX RETIREMENT SERVICES LLC | Other Service Provider | $27,809 | — | $27,809 |
| CAPITAL GROUP RETIREMENT PLAN SERV | Recordkeeper | $20,475 | — | $20,475 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $118,309
- Estimated Expense Ratio: 0.456% 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 | $114,182 | $70,025 | — | — | — |
| 2023 | $91,848 | $49,462 | $18,943 | — | — |
| 2022 | $94,889 | $55,342 | $22,026 | — | — |