Plan Snapshot
- Plan Sponsor: Newark Community Health Centers, INC.
- Sponsor EIN: 222747589
- Sponsor Address: 741 BROADWAY, NEWARK, NJ, 071044309
- Plan Type: 401(k)
- Total Participants: 208
- Total Assets: $10.8M
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 | 208 | $10.8M | $435,367 | $715,975 |
| 2023 | 202 | $9.1M | $412,550 | $686,234 |
| 2022 | 186 | $7.4M | $361,919 | $653,686 |
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 |
|---|---|---|---|---|
| COHNREZNICK LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $80,134 | $32,142 | — | — | — |
| 2023 | $42,335 | $26,698 | — | — | — |
| 2022 | $39,737 | $27,883 | $11,854 | — | — |