Plan Snapshot
- Plan Sponsor: Plan Professionals, LLC
- Sponsor EIN: 853213245
- Sponsor Address: 494 SYCAMORE AVE., SHREWSBURY, NJ, 07702
- Plan Type: 401(k)
- Total Participants: 18,762
- Total Assets: $355.0M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 18,762 | $355.0M | $11.3M | $30.8M |
| 2023 | 15,836 | $268.7M | $6.7M | $14.9M |
| 2022 | 8,504 | $70.4M | $1.3M | $1.8M |
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 | $1,921,572 | — | $1,921,572 |
| NPPG PLAN PROFESSIONALS | Other Service Provider | $502,982 | — | $502,982 |
| STADION MONEY MANAGEMENT | Other Service Provider | $65,700 | — | $65,700 |
| CARSON WALTH-DEDUCT/RYAN WITTMAN | Other Service Provider | $32,833 | — | $32,833 |
| IHT WEALTH MANAGEMENT/PAUL ETRA/RAN | Other Service Provider | $28,894 | — | $28,894 |
| HAYS FINANCIAL GROUP (ACH)/BRIAN WH | Other Service Provider | $27,684 | — | $27,684 |
| COMMONWEALTH FINANCIAL NETWORK | Investment Advisor | $24,032 | — | $24,032 |
| HILLS, RENAUT, HOMEN & HUGHES | Other Service Provider | $21,061 | — | $21,061 |
| LPL FINANCIAL RP-RPCP | Other Service Provider | $20,000 | — | $20,000 |
| ELEMENT WEALTH LLC | Other Service Provider | $16,676 | — | $16,676 |
| CETERA INVESTMENT ADVISORS, LLC | Other Service Provider | $15,764 | — | $15,764 |
| PACETPA | Other Service Provider | $14,068 | — | $14,068 |
| EQUITABLE ADVISORS LLC | Other Service Provider | $13,573 | — | $13,573 |
| MML INVESTORS SERVICES, LLC | Investment Advisor | $12,861 | — | $12,861 |
| GALLAGHER FIDUCUIARY ADVISORS | Other Service Provider | $12,006 | — | $12,006 |
| PFG ADVISORS | Investment Advisor | $10,984 | — | $10,984 |
| OLD PORT ADVISORS/TRACY ROGERS | Other Service Provider | $10,079 | — | $10,079 |
| VANCE GRAY WEALTH MANAGEMENT INC | Other Service Provider | $9,761 | — | $9,761 |
| COMMONWEALTH-BILLED/NATHAN ROGERO | Other Service Provider | $8,597 | — | $8,597 |
| WELLS FARGO ADVISORS | Other Service Provider | $7,979 | — | $7,979 |
| MMA SECURITIES LLC (CHECK)/RYAN ROE | Other Service Provider | $7,596 | — | $7,596 |
| STIFEL ADVISORY /RUSSELL DIBENEDETT | Other Service Provider | $6,556 | — | $6,556 |
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
- MML INVESTORS SERVICES, LLC — Investment Advisor
- PFG ADVISORS — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,791,258
- Estimated Expense Ratio: 0.786% 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 | $2,773,159 | — | $2,573,280 | $143,365 | — |
| 2023 | $1,146,921 | $28,275 | $1,067,627 | $51,019 | — |
| 2022 | $169,433 | $169,433 | — | — | — |