Plan Snapshot
- Plan Sponsor: Onyx Management Group, LLC
- Sponsor EIN: 141919789
- Sponsor Address: 90 WOODBRIDGE CENTER DR, SUITE 505, WOODBRIDGE, NJ, 07095
- Plan Type: 401(k)
- Total Participants: 74
- Total Assets: $11.3M
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 | 74 | $11.3M | $415,419 | $812,663 |
| 2023 | 68 | $8.9M | $446,890 | $783,231 |
| 2022 | 92 | $8.2M | $386,396 | $790,705 |
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 |
|---|---|---|---|---|
| SUMMIT CPA GROUP | 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 | $341,229 | — | $17,515 | — | — |
| 2023 | $1,419,388 | — | $14,865 | — | — |
| 2022 | $12,553 | $64 | — | — | — |