Plan Snapshot
- Plan Sponsor: Nfi Industries, INC.
- Sponsor EIN: 222543994
- Sponsor Address: 2 COOPER ST, CAMDEN, NJ, 081022348
- Plan Type: 401(k)
- Total Participants: 15,891
- Total Assets: $299.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 15,891 | $299.3M | $15.0M | $28.8M |
| 2023 | 15,140 | $244.8M | $13.2M | $25.4M |
| 2022 | 14,859 | $189.8M | $7.4M | $20.2M |
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 | $487,173 | — | $487,173 |
| CAPFINANCIAL PARTNERS, L | INVESTMENT ADVISORY | $104,729 | $177 | $104,906 |
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $592,079
- Estimated Expense Ratio: 0.198% 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 | $591,902 | $104,729 | $487,173 | — | — |
| 2023 | $525,580 | $73,861 | $451,719 | — | — |
| 2022 | $430,937 | $73,829 | $357,108 | — | — |