Plan Snapshot
- Plan Sponsor: Mcelroy, Deutsch, Mulvaney And Carpenter, LLP
- Sponsor EIN: 222445165
- Sponsor Address: 1300 MT. KEMBLE AVENUE, MORRISTOWN, NJ, 07962
- Plan Type: 401(k)
- Total Participants: 256
- Total Assets: $121.9M
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 | 256 | $121.9M | $0 | $2.7M |
| 2023 | 310 | $116.0M | $0 | $2.8M |
| 2022 | 323 | $107.2M | $283,658 | $2.9M |
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 |
|---|---|---|---|---|
| NEWPORT CAPITAL GROUP LLC | NONE | $154,500 | — | $154,500 |
| T ROWE PRICE RPS INC | NONE | $35,833 | — | $35,833 |
| CLYNE EAGAN AND ASSOCIATES | NONE | $22,299 | — | $22,299 |
| CLYNE, EAGAN & ASSOCIATES, P.A. | Auditor | $22,299 | — | $22,299 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $234,931
- Estimated Expense Ratio: 0.193% 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 | $280,331 | — | — | $22,299 | — |
| 2023 | $214,059 | — | — | $22,500 | — |
| 2022 | $213,708 | — | — | — | $176,868 |