Plan Snapshot
- Plan Sponsor: Monmouth Cardiology Associates, LLC
- Sponsor EIN: 223460933
- Sponsor Address: 11 MERIDIAN ROAD, EATONTOWN, NJ, 07724
- Plan Type: 401(k)
- Total Participants: 167
- Total Assets: $54.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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. |
|---|---|---|---|---|
| 2025 | 167 | $54.5M | $0 | $0 |
| 2024 | 138 | $46.7M | $1.5M | $984,868 |
| 2023 | 118 | $45.7M | $1.3M | $815,471 |
| 2022 | 125 | $47.0M | $1.3M | $705,708 |
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 |
|---|---|---|---|---|
| BARRE & COMPANY | Auditor | $17,600 | — | $17,600 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $17,600
- Estimated Expense Ratio: 0.032% 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 |
|---|---|---|---|---|---|
| 2025 | $225,277 | $165,677 | — | $17,600 | — |
| 2024 | $144,236 | $85,894 | — | $17,200 | — |
| 2023 | $189,944 | $125,506 | — | $16,500 | — |
| 2022 | $228,683 | $228,683 | — | — | — |