# Nj Lenders Corp. 401(k) Plan
Source: https://planprovider.pro/companies/nj-lenders-corp-401k-plan

> Nj Lenders Corp.&#39;s 401(k) plan: 220 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Nj Lenders Corp.

- **Sponsor EIN:** 223157857

- **Sponsor Address:** 219 PATERSON AVENUE, LITTLE FALLS, NJ, 07424

- **Plan Type:** 401(k)

- **Total Participants:** 220

- **Total Assets:** $22.8M

## 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|220|$22.8M|$0|$1.3M|

| 2023|234|$19.4M|$0|$1.3M|

| 2022|252|$16.2M|$0|$1.5M|

## 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 SERVICES, INC.|BROKER DEALER|—|$29,630|$29,630|

| RED BANK PENSION SERVICES, INC.|TPA|—|$18,081|$18,081|

| BEDERSON LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [AMERIPRISE FINANCIAL SERVICES, INC.](https://planprovider.pro/provider/ameriprise-financial-services-llc) — BROKER DEALER

- [BEDERSON LLP](https://planprovider.pro/provider/bederson-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $47,711

- **Estimated Expense Ratio:** 0.209% 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|$66,074|—|$66,074|—|—|

| 2023|$62,824|—|$62,824|—|—|

| 2022|$52,156|—|$52,156|—|—|

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