Plan Snapshot
- Plan Sponsor: Nutra-Med Packaging, LLC
- Sponsor EIN: 223572357
- Sponsor Address: 118 ALGONQUIN PARKWAY, WHIPPANY, NJ, 07981
- Plan Type: 401(k)
- Total Participants: 221
- Total Assets: $4.5M
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 | 221 | $4.5M | $214,719 | $487,453 |
| 2023 | 163 | $3.4M | $139,925 | $292,580 |
| 2022 | 153 | $2.6M | $121,803 | $215,132 |
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 | $46,656 | — | $46,656 |
| LPL FINANCIAL LLC - RPCP | INVESTMENT ADVISORY | — | $12,654 | $12,654 |
| RAM ASSOCIATES | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RAM ASSOCIATES — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $59,310
- Estimated Expense Ratio: 1.324% 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 | $47,957 | — | $47,957 | — | — |
| 2023 | $35,642 | — | $35,642 | — | — |
| 2022 | $30,856 | — | $30,856 | — | — |