Plan Snapshot
- Plan Sponsor: Multiskilled Employers And Employee
- Sponsor EIN: 226348900
- Sponsor Address: 2025 LINCOLN HWY STE 130, EDISON, NJ, 088173350
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 137
- Total Assets: $875,779
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2024 | 137 | $875,779 | $4.1M | $0 |
| 2023 | 152 | $970,685 | $4.0M | $44,257 |
| 2022 | 145 | $976,775 | $4.1M | $46,947 |
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 |
|---|---|---|---|---|
| CIGNA HEALTH & LIFE INSURANCE COMPA | Other Service Provider | $4,138,795 | — | $4,138,795 |
| PKF O'CONNOR DAVIES | Auditor | $47,275 | — | $47,275 |
| WITHUMSMITH+BROWN | Auditor | $29,124 | — | $29,124 |
| C & H AGENCY, INC. | Other Service Provider | $10,285 | — | $10,285 |
| LIFE INSURANCE COMPANY OF NORTH AME | Other Service Provider | $9,256 | — | $9,256 |
| DAVID TYKULSKER & ASSOCIATES | Other Service Provider | $6,878 | — | $6,878 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PKF O'CONNOR DAVIES — Auditor
- WITHUMSMITH+BROWN — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,241,613
- Estimated Expense Ratio: 484.325% 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 | $98,002 | — | $47,275 | $29,124 | — |
| 2023 | $95,252 | — | $49,276 | $24,128 | — |
| 2022 | $101,837 | — | $36,164 | — | $54,009 |