Plan Snapshot
- Plan Sponsor: Plan Professionals, LLC
- Sponsor EIN: 853213245
- Sponsor Address: 494 SYCAMORE AVE., SHREWSBURY, NJ, 07702
- Plan Type: 401(k)
- Total Participants: 7,922
- Total Assets: $46.1M
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 | 7,922 | $46.1M | $1.6M | $7.8M |
| 2023 | 2,943 | $34.8M | $2.3M | $7.7M |
| 2022 | 779 | $9.9M | $443,200 | $1.6M |
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 |
|---|---|---|---|---|
| NFP RETIREMENT INC | SERVICE PROVIDER | $12,733 | $106,815 | $119,548 |
| NPPG PLAN PROFESSIONALS | SERVICE PROVIDER | $41,120 | — | $41,120 |
| ACCELERATE INVESTMENT ADVISORS, LLC | SERVICE PROVIDER | — | $23,633 | $23,633 |
| FLEXPATH STRATEGIES, LLC | SERVICE PROVIDER | $6,077 | — | $6,077 |
| BD & COMPANY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NFP RETIREMENT INC — SERVICE PROVIDER
- ACCELERATE INVESTMENT ADVISORS, LLC — SERVICE PROVIDER
- BD & COMPANY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $190,378
- Estimated Expense Ratio: 0.413% 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 | $508,560 | $508,560 | — | — | — |
| 2023 | $269,171 | $269,171 | — | — | — |
| 2022 | $26,275 | — | $26,275 | — | — |