Plan Snapshot
- Plan Sponsor: Mindlance INC
- Sponsor EIN: 223688948
- Sponsor Address: 1095 MORRIS AVE UNIT 101 A, UNION, NJ, 07083
- Plan Type: 401(k)
- Total Participants: 2,332
- Total Assets: $11.4M
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 | 2,332 | $11.4M | $0 | $3.2M |
| 2023 | 2,574 | $9.2M | $2,720 | $2.9M |
| 2022 | 2,484 | $7.7M | $0 | $2.2M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORDKEEPER | $60,997 | — | $60,997 |
| ANTONIO A SORIANO | Auditor | $4,305 | — | $4,305 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $65,302
- Estimated Expense Ratio: 0.570% 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 | $65,302 | — | — | $4,305 | — |
| 2023 | $52,098 | — | — | $4,305 | — |
| 2022 | $42,958 | — | — | — | $4,000 |