Plan Snapshot
- Plan Sponsor: Premio Foods, INC.
- Sponsor EIN: 222237487
- Sponsor Address: 50 UTTER AVENUE, HAWTHORNE, NJ, 07506
- Plan Type: 401(k)
- Total Participants: 591
- Total Assets: $11.2M
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 | 591 | $11.2M | $831,132 | $1.3M |
| 2023 | 657 | $9.7M | $568,882 | $937,573 |
| 2022 | 865 | $9.8M | $416,300 | $810,975 |
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 |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $112,290 | — | $112,290 |
| CADARET GRANT & CO INC | INVESTMENT/FINANCIAL ADVI | $24,723 | — | $24,723 |
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $137,013
- Estimated Expense Ratio: 1.221% 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 | $137,013 | $24,723 | — | — | — |
| 2023 | $75,558 | $15,433 | — | — | — |
| 2022 | $71,276 | — | — | — | — |