Plan Snapshot
- Plan Sponsor: Plan Professionals, LLC
- Sponsor EIN: 853213245
- Sponsor Address: 494 SYCAMORE AVE., SHREWSBURY, NJ, 07702
- Plan Type: 401(k)
- Total Participants: 2,884
- Total Assets: $62.6M
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 | 2,884 | $62.6M | $2.0M | $5.9M |
| 2023 | 3,739 | $55.3M | $1.9M | $4.9M |
| 2022 | 2,029 | $38.1M | $1.4M | $2.9M |
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 |
|---|---|---|---|---|
| PLAN PROFESSIONALS LLC DBA NPPG | CONTRACT ADMIN | $214,457 | — | $214,457 |
| WORLD INVESTMENT ADVISORS LLC | INVESTMENT ADVISOR | $129,913 | — | $129,913 |
| EMPOWER ADVISORY GROUP LLC | INESTMENT MGMT | $20,134 | — | $20,134 |
| NATIONAL PROF. PLANNING GROUP | CONTRACT ADMIN | $19,202 | — | $19,202 |
| EMPOWER LIFE & ANNUITY INSURANCE CO | RECORDKEEPER | $6,480 | — | $6,480 |
| TEMPLETON & COMPANY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TEMPLETON & COMPANY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $390,186
- Estimated Expense Ratio: 0.624% 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 | $595,158 | — | $387,510 | — | — |
| 2023 | $278,349 | — | $278,349 | — | — |
| 2022 | $102,507 | — | $102,507 | — | — |