Plan Snapshot
- Plan Sponsor: Plan Professionals LLC
- Sponsor EIN: 853213245
- Sponsor Address: 494 SYCAMORE AVENUE, SHREWSBURY, NJ, 07702
- Plan Type: 401(k)
- Total Participants: 3,035
- Total Assets: $144.8M
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 | 3,035 | $144.8M | $4.4M | $9.7M |
| 2023 | 1,592 | $79.6M | $485,745 | $876,695 |
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 |
|---|---|---|---|---|
| LINCOLN NATIONAL CORPORATION | Recordkeeper | $511,710 | — | $511,710 |
| NPPG PLAN PROFESSIONALS LLC | Recordkeeper | $102,992 | — | $102,992 |
| COMMONWEALTH FINANCIAL NETWORK | Investment Advisor | $52,287 | — | $52,287 |
| WILKERSON ADVISORY GROUP LLC | Other Service Provider | $42,117 | — | $42,117 |
| COMMONWEALTH FINANCIAL ROBERT HOLLY | Investment Advisor | $30,204 | — | $30,204 |
| OSAIC WEALTH INC - ACH | Other Service Provider | $15,694 | — | $15,694 |
| FREEGULLIVER | Other Service Provider | $15,521 | — | $15,521 |
| ELEMENT WEALTH LLC | Other Service Provider | $9,397 | — | $9,397 |
| KESTRA ADVISORY SERVICES LLC | Other Service Provider | $6,358 | — | $6,358 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LINCOLN NATIONAL CORPORATION — Recordkeeper
- COMMONWEALTH FINANCIAL NETWORK — Investment Advisor
- COMMONWEALTH FINANCIAL ROBERT HOLLY — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $786,280
- Estimated Expense Ratio: 0.543% 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 | $710,548 | $574,808 | $88,774 | $46,966 | — |
| 2023 | $30,946 | — | $30,946 | — | — |