Plan Snapshot
- Plan Sponsor: Poy Holdings LLC
- Sponsor EIN: 204159078
- Sponsor Address: 15 JACKSON ROAD, TOTOWA, NJ, 075121001
- Plan Type: 401(k)
- Total Participants: 800
- Total Assets: $15.8M
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 | 800 | $15.8M | $614,390 | $1.2M |
| 2023 | 680 | $15.6M | $499,209 | $937,035 |
| 2022 | 599 | $13.4M | $469,999 | $905,609 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $66,743 | — | $66,743 |
| GLOBAL RETIREMENT PARTNERS LLC | INVESTMENT ADVISORY | — | $26,250 | $26,250 |
| MAI CAPITAL MANAGEMENT, LLC | INVESTMENT ADVISORY | — | $10,740 | $10,740 |
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS LLC — INVESTMENT ADVISORY
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $103,733
- Estimated Expense Ratio: 0.658% 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 | $66,743 | — | $66,743 | — | — |
| 2023 | $51,145 | — | $51,145 | — | — |
| 2022 | $28,034 | — | $28,034 | — | — |