Plan Snapshot
- Plan Sponsor: Prutech Solutions, INC.
- Sponsor EIN: 223606232
- Sponsor Address: 555 US HIGHWAY 1 S STE 230, ISELIN, NJ, 088303150
- Plan Type: 401(k)
- Total Participants: 220
- Total Assets: $7.6M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 220 | $7.6M | $237,547 | $1.2M |
| 2023 | 193 | $5.7M | $223,866 | $1.1M |
| 2022 | 159 | $4.2M | $0 | $813,012 |
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 |
|---|---|---|---|---|
| WILMINGTON TRUST NATIONAL ASSOC | ADVISOR | $21,021 | — | $21,021 |
| RAM ASSOCIATES | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RAM ASSOCIATES — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $21,021
- Estimated Expense Ratio: 0.277% 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 | $26,067 | $24,218 | — | — | — |
| 2023 | $18,906 | $17,462 | — | — | — |
| 2022 | $17,231 | $17,231 | — | — | — |