Plan Snapshot
- Plan Sponsor: Monmouth Cares, INC.
- Sponsor EIN: 223769040
- Sponsor Address: 185 STATE ROUTE 36, WEST LONG BRANCH, NJ, 07764
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 122
- Total Assets: $6.4M
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. |
|---|
| 2023 | 122 | $6.4M | $638,250 | $415,241 |
| 2022 | 111 | $5.8M | $665,827 | $372,716 |