# Neighbours, INC. Health & Welfare Plan
Source: https://planprovider.pro/companies/neighbours-inc-223389594-510

> Neighbours, INC.'s Health & Welfare plan: 88 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Neighbours, INC.

- **Sponsor EIN:** 223389594

- **Sponsor Address:** 49 WOODBRIDGE AVE., HIGHLAND PARK, NJ, 08904

- **Plan Type:** Health & Welfare

- **Plan Number:** 510

- **Total Participants:** 88

- **Total Assets:** $1.8M

## 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|88|$1.8M|$2.2M|$0|

| 2023|84|$1.9M|$1.9M|$0|

| 2022|86|$1.6M|$1.8M|$0|

## 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|

| MERITAIN HEALTH|Recordkeeper|$215,965|—|$215,965|

| COLE SCHOTZ, P.C.|Other Service Provider|$10,000|—|$10,000|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $225,965

- **Estimated Expense Ratio:** 12.599% 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|$2,182,135|—|—|—|—|

| 2023|$1,861,383|—|—|—|—|

| 2022|$1,865,946|—|—|—|—|

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