Plan Snapshot
- Plan Sponsor: Plan Professionals, LLC
- Sponsor EIN: 853213245
- Sponsor Address: 494 SYCAMORE AVE., SHREWSBURY, NJ, 07702
- Plan Type: 401(k)
- Total Participants: 47,479
- Total Assets: $465.7M
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 | 47,479 | $465.7M | $23.5M | $65.8M |
| 2023 | 49,804 | $307.7M | $16.4M | $42.1M |
| 2022 | 20,084 | $162.1M | $6.8M | $15.8M |
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 |
|---|---|---|---|---|
| TRANSAMERICA FINANCIAL LIFE INSURAN | RECORDKEEPER | $1,883,370 | — | $1,883,370 |
| GLOBAL RETIREMENT PARTNERS LLC | INVESTMENT ADVISORY - PLA | $385,814 | — | $385,814 |
| ONEDIGITAL INVESTMENT ADVISORS | INVESTMENT ADVISORY - PLA | $378,593 | — | $378,593 |
| PLAN PROFESSIONALS, LLC D/B/A NPPG | RECORDKEEPER | $323,543 | — | $323,543 |
| OSAIC WEALTH, INC | INVESTMENT ADVISORY-PLAN | $147,665 | — | $147,665 |
| MORGAN STANLEY SMITH BARNEY LLC (MS | INVESTMENT ADVISORY - PLA | $143,647 | — | $143,647 |
| WOODBURY FINANCIAL SERVICES, INC. | INVESTMENT ADVISORY - PLA | $12,319 | — | $12,319 |
| AMERIPRISE FINANCIAL SERVICES INC | INVESTMENT ADVISORY - PLA | $10,884 | — | $10,884 |
| 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
- GLOBAL RETIREMENT PARTNERS LLC — INVESTMENT ADVISORY - PLA
- ONEDIGITAL INVESTMENT ADVISORS — INVESTMENT ADVISORY - PLA
- OSAIC WEALTH, INC — INVESTMENT ADVISORY-PLAN
- MORGAN STANLEY SMITH BARNEY LLC (MS — INVESTMENT ADVISORY - PLA
- AMERIPRISE FINANCIAL SERVICES INC — INVESTMENT ADVISORY - PLA
- TEMPLETON & COMPANY — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,285,835
- Estimated Expense Ratio: 0.706% 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 | $3,233,077 | — | $3,233,077 | — | — |
| 2023 | $1,863,926 | — | $1,863,926 | — | — |
| 2022 | $663,087 | — | $663,087 | — | — |