Plan Snapshot
- Plan Sponsor: Plan Professionals, LLC
- Sponsor EIN: 853213245
- Sponsor Address: 494 SYCAMORE AVE., SHREWSBURY, NJ, 07702
- Plan Type: 401(k)
- Total Participants: 783
- Total Assets: $56.0M
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 | 783 | $56.0M | $953,610 | $3.6M |
| 2023 | 844 | $40.3M | $931,973 | $3.3M |
| 2022 | 461 | $34.5M | $122,852 | $786,778 |
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 |
|---|---|---|---|---|
| NORTHEAST PROFESSIONAL PLANNING | TPA | — | $374,653 | $374,653 |
| NPPG INVESTMENT SERVICES LLC | SERVICE PROVIDER | — | $54,076 | $54,076 |
| PLAN PROFESSIONAL, LLC | SERVICE PROVIDER | $12,375 | $11,781 | $24,156 |
| LPL FINANCIAL | SERVICE PROVIDER | $21,927 | — | $21,927 |
| WORLD INVESTMENT ADVISORS, LLC | SERVICE PROVIDER | — | $14,548 | $14,548 |
| VOYA RETIREMENT ADVISORS, LLC | SERVICE PROVIDER | $9,246 | — | $9,246 |
| PARK AVENUE SECURITIES, LLC | BROKER/DELAER | — | $6,290 | $6,290 |
| TEMPLETON AND COMPANY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TEMPLETON AND COMPANY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $504,896
- Estimated Expense Ratio: 0.902% 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 | $247,725 | $247,725 | — | — | — |
| 2023 | $193,089 | — | $193,089 | — | — |
| 2022 | $25,760 | — | $25,760 | — | — |