Plan Snapshot
- Plan Sponsor: Physicians Practice Enhancement, LLC
- Sponsor EIN: 223773688
- Sponsor Address: 66 WEST GILBERT STREET, SUITE 100, RED BANK, NJ, 07701
- Plan Type: 401(k)
- Total Participants: 335
- Total Assets: $13.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 335 | $13.2M | $82,209 | $1.5M |
| 2023 | 322 | $11.9M | $39,072 | $1.0M |
| 2022 | 140 | $9.7M | $36,893 | $908,813 |
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 |
|---|---|---|---|---|
| MMA SECURITIES LLC | NONE | $36,837 | — | $36,837 |
| JOHN HANCOCK TRUST COMPANY LLC | RECORDKEEPER | $17,336 | — | $17,336 |
| MCKONLY & ASBURY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK TRUST COMPANY LLC — RECORDKEEPER
- MCKONLY & ASBURY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $54,173
- Estimated Expense Ratio: 0.412% 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 | $55,427 | — | — | — | — |
| 2023 | $29,618 | — | — | — | — |
| 2022 | $44,499 | — | $44,499 | — | — |