Plan Snapshot
- Plan Sponsor: Network Adjusters, Incorporated
- Sponsor EIN: 112999619
- Sponsor Address: 850 FULTON STREET, FARMINGDALE, NY, 11735
- Plan Type: 401(k)
- Total Participants: 166
- Total Assets: $17.7M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 166 | $17.7M | $553,666 | $1.1M |
| 2023 | 166 | $15.7M | $487,388 | $1.0M |
| 2022 | 129 | $13.0M | $443,464 | $885,185 |
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 |
|---|---|---|---|---|
| AMERIPRISE FINANCIAL | Investment Advisor | — | $67,602 | $67,602 |
| NATIONWIDE | Recordkeeper | $45,795 | — | $45,795 |
| PROACCOUNT | Investment Advisor | $42,417 | — | $42,417 |
| IRON CO FID COMPREHENSIVE | Investment Advisor | $12,041 | — | $12,041 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AMERIPRISE FINANCIAL — Investment Advisor
- NATIONWIDE — Recordkeeper
- PROACCOUNT — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $167,855
- Estimated Expense Ratio: 0.950% 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 | $61,505 | — | $61,505 | — | — |
| 2023 | $49,401 | — | $49,401 | — | — |
| 2022 | $47,562 | — | $47,562 | — | — |