Plan Snapshot
- Plan Sponsor: Plan Professionals, LLC
- Sponsor EIN: 853213245
- Sponsor Address: 494 SYCAMORE AVE., SHREWSBURY, NJ, 07702
- Plan Type: DC
- Total Participants: 6,398
- Total Assets: $19.1M
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 | 6,398 | $19.1M | $128,663 | $2.3M |
| 2023 | 883 | $17.1M | $0 | $589,685 |
| 2022 | 899 | $181,159 | $50 | $68,219 |
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 |
|---|---|---|---|---|
| TRANSAMERICA FINANCIAL LIFE INSURAN | RECORDKEEPER | $120,119 | — | $120,119 |
| 360 PAYROLL INTEGRATIONS CORP | CONSULTING | $52,814 | — | $52,814 |
| PLAN PROFESSIONALS D/B/A NPPG PLAN | RECORDKEEPER | $50,904 | — | $50,904 |
| SERVANT SPIRIT SERVICES | OTHER | $42,404 | — | $42,404 |
| TEMPLETON & COMPANY LLP | AUDIT | $16,000 | — | $16,000 |
| TEMPLETON & COMPANY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA FINANCIAL LIFE INSURAN — RECORDKEEPER
- TEMPLETON & COMPANY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $282,241
- Estimated Expense Ratio: 1.481% 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 | $429,714 | — | $291,624 | — | — |
| 2023 | $1,871,247 | — | $121,389 | — | — |
| 2022 | $2,753 | — | $2,753 | — | — |