Plan Snapshot
- Plan Sponsor: Otterstedt Insurance Agency, INC.
- Sponsor EIN: 222062033
- Sponsor Address: 540 SYLVAN AVENUE, ENGLEWOOD CLIFFS, NJ, 076323022
- Plan Type: 401(k)
- Total Participants: 115
- Total Assets: $12.7M
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 | 115 | $12.7M | $200,000 | $966,760 |
| 2023 | 116 | $11.7M | $150,000 | $899,597 |
| 2022 | 105 | $10.6M | $144,954 | $718,254 |
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 |
|---|---|---|---|---|
| NATIONWIDE | Investment Advisor | $16,116 | $6,592 | $22,708 |
| BRINKER CAPITAL INVESTMENTS | Investment Advisor | $18,129 | — | $18,129 |
| AVANTAX WEALTH MANAGEMENT | Other Service Provider | — | $17,820 | $17,820 |
| ASCENSUS | Recordkeeper | — | $16,402 | $16,402 |
| AVANTAX INSURANCE AGENCY LLC | Investment Advisor | — | $15,787 | $15,787 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NATIONWIDE — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $90,846
- Estimated Expense Ratio: 0.715% 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 | $44,804 | — | $44,804 | — | — |
| 2023 | $53,987 | $35,868 | $5,865 | — | — |
| 2022 | $51,953 | $36,295 | $3,986 | — | — |