Plan Snapshot
- Plan Sponsor: Med-Metrix LLC
- Sponsor EIN: 273479401
- Sponsor Address: 9 ENTIN ROAD, PARSIPPANY, NJ, 070545000
- Plan Type: 401(k)
- Total Participants: 2,088
- Total Assets: $74.9M
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 | 2,088 | $74.9M | $3.5M | $6.6M |
| 2023 | 1,414 | $32.6M | $2.4M | $4.3M |
| 2022 | 787 | $17.2M | $1.7M | $3.1M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $332,974 | — | $332,974 |
| OSAIC WEALTH INC | OTHER SERVICES | — | $92,299 | $92,299 |
| GRASSI & CO., CPAS, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- OSAIC WEALTH INC — OTHER SERVICES
- GRASSI & CO., CPAS, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $425,273
- Estimated Expense Ratio: 0.568% 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 | $332,975 | — | $332,975 | — | — |
| 2023 | $170,533 | — | $170,533 | — | — |
| 2022 | $121,222 | — | $121,222 | — | — |