Plan Snapshot
- Plan Sponsor: Peapack-Gladstone Bank
- Sponsor EIN: 222491488
- Sponsor Address: 500 HILLS DRIVE, BEDMINSTER, NJ, 07921
- Plan Type: 401(k)
- Total Participants: 628
- Total Assets: $107.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 628 | $107.4M | $3.3M | $7.2M |
| 2023 | 509 | $91.9M | $3.3M | $6.4M |
| 2022 | 486 | $76.7M | $3.1M | $5.8M |
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 |
|---|---|---|---|---|
| ONEDIGITAL INVESTMENT ADVISORS LLC | ADVISOR | $68,915 | — | $68,915 |
| CROWE | ACCOUNTANT/AUDITOR | $52,500 | — | $52,500 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $13,191 | — | $13,191 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ONEDIGITAL INVESTMENT ADVISORS LLC — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $134,606
- Estimated Expense Ratio: 0.125% 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 | $136,050 | $68,915 | — | $52,500 | — |
| 2023 | $182,358 | $113,346 | $24,047 | $44,500 | — |
| 2022 | $166,540 | $109,170 | $17,924 | — | $39,000 |