Plan Snapshot
- Plan Sponsor: National Exchange Carrier Association, INC.
- Sponsor EIN: 222484310
- Sponsor Address: 60 COLUMBIA ROAD, MORRISTOWN, NJ, 079604535
- Plan Type: 401(k)
- Total Participants: 169
- Total Assets: $203.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 169 | $203.7M | $4.7M | $2.9M |
| 2023 | 171 | $182.1M | $4.4M | $2.7M |
| 2022 | 166 | $161.8M | $4.1M | $2.6M |
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 | $172,730 | $375 | $173,105 |
| GLOBAL RETIREMENT PARTNERS LLC | INVESTMENT ADVISORY | — | $54,524 | $54,524 |
| NATIONAL EXCHANGE CARRIER ASSOCIATI | OTHER SERVICES | — | $22,855 | $22,855 |
| WITHUM SMITH AND BROWN | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS LLC — INVESTMENT ADVISORY
- WITHUM SMITH AND BROWN — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $250,484
- Estimated Expense Ratio: 0.123% 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 | $172,730 | — | $172,730 | — | — |
| 2023 | $183,850 | — | $183,850 | — | — |
| 2022 | $213,543 | — | $213,543 | — | — |