Plan Snapshot
- Plan Sponsor: Nb Ventures, INC.
- Sponsor EIN: 223721259
- Sponsor Address: 100 WALNUT AVENUE, CLARK, NJ, 07066
- Plan Type: 401(k)
- Total Participants: 481
- Total Assets: $63.2M
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. |
|---|---|---|---|---|
| 2024 | 481 | $63.2M | $1.5M | $5.6M |
| 2023 | 519 | $52.4M | $1.9M | $5.8M |
| 2022 | 548 | $39.1M | $1.8M | $6.0M |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | SERVICE PROVIDER | $163,120 | $5 | $163,125 |
| NFP RETIREMENT INC | SERVICE PROVIDER | $2,917 | $118,457 | $121,374 |
| NB VENTURES INC | SERVICE PROVIDER | $16,300 | — | $16,300 |
| VOYA RETIREMENT ADVISORS, LLC | SERVICE PROVIDER | $8,989 | — | $8,989 |
| WITHUMSMITH BROWN, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NFP RETIREMENT INC — SERVICE PROVIDER
- WITHUMSMITH BROWN, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $309,788
- Estimated Expense Ratio: 0.490% 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 | $191,326 | $28,623 | $161,553 | — | — |
| 2023 | $192,731 | $40,915 | $151,216 | — | — |
| 2022 | $186,138 | — | — | — | — |