Plan Snapshot
- Plan Sponsor: Prospect Transportation
- Sponsor EIN: 222725070
- Sponsor Address: 630 INDUSTRIAL ROAD, CARLSTADT, NJ, 07072
- Plan Type: 401(k)
- Total Participants: 156
- Total Assets: $13.6M
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 | 156 | $13.6M | $27,000 | $766,507 |
| 2023 | 165 | $11.6M | $25,800 | $783,254 |
| 2022 | 151 | $9.9M | $29,700 | $856,234 |
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 |
|---|---|---|---|---|
| NISIVOCCIA LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NISIVOCCIA LLP — Auditor
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 |
|---|---|---|---|---|---|
| 2024 | $70,516 | $70,516 | — | — | — |
| 2023 | $60,351 | $60,351 | — | — | — |
| 2022 | $63,040 | — | — | — | — |