Plan Snapshot
- Plan Sponsor: Prime Pensions, INC.
- Sponsor EIN: 461224594
- Sponsor Address: 25B VREELAND ROAD - SUITE 209, FLORHAM PARK, NJ, 07932
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 144
- Total Assets: $23.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 144 | $23.8M | $0 | $0 |
| 2024 | 107 | $19.0M | $609,446 | $1.1M |
| 2023 | 74 | $13.8M | $473,879 | $758,101 |
| 2022 | 77 | $11.4M | $356,214 | $519,363 |
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 |
|---|---|---|---|---|
| SONZOGNI, BOTTITTO & COOPER LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 |
|---|---|---|---|---|---|
| 2025 | $857,832 | — | — | — | — |
| 2024 | $359,665 | — | — | — | — |
| 2023 | $902,844 | — | — | — | — |
| 2022 | $10,191,217 | — | — | — | — |