Plan Snapshot
- Plan Sponsor: Nice-Pak Products, INC.
- Sponsor EIN: 135648554
- Sponsor Address: TWO NICE-PAK PARK, ORANGEBURG, NY, 109621376
- Plan Type: 401(k)
- Total Participants: 1,362
- Total Assets: $142.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 1,362 | $142.9M | $3.6M | $9.3M |
| 2023 | 1,372 | $132.2M | $4.6M | $8.6M |
| 2022 | 1,458 | $114.7M | $5.0M | $8.8M |
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 |
|---|---|---|---|---|
| EMPOWER LIFE & ANNUITY INSURANCE CO | RECORDKEEPER | $136,954 | — | $136,954 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $89,879 | — | $89,879 |
| BORIS BENIC AND ASSOCIATES | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BORIS BENIC AND ASSOCIATES — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $226,833
- Estimated Expense Ratio: 0.159% 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 | $226,834 | $89,880 | — | — | — |
| 2023 | $240,927 | $79,164 | — | — | — |
| 2022 | $255,735 | — | $255,735 | — | — |