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 |
|---|---|---|---|---|
| NISIVOCCIA LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NISIVOCCIA LLP — Auditor
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 | $44,804 | — | $44,804 | — | — |
| 2023 | $53,987 | $35,868 | $5,865 | — | — |
| 2022 | $51,953 | $36,295 | $3,986 | — | — |