Plan Snapshot
- Plan Sponsor: Psychogenics INC.
- Sponsor EIN: 141989159
- Sponsor Address: 215 COLLEGE RD, PARAMUS, NJ, 07652
- Plan Type: 401(k)
- Total Participants: 167
- Total Assets: $18.3M
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 | 167 | $18.3M | $477,063 | $1.3M |
| 2023 | 182 | $14.3M | $408,692 | $1.3M |
| 2022 | 105 | $11.0M | $354,045 | $1.0M |
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 |
|---|---|---|---|---|
| MORGAN STANLEY WEALTH MANAGEMENT | INVESTMENT SERVICES | $37,803 | — | $37,803 |
| CORRELL CO | RECORDKEEPER | $19,725 | — | $19,725 |
| CBIZ CPAS, P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $57,528
- Estimated Expense Ratio: 0.315% 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 | $57,528 | $37,803 | — | — | — |
| 2023 | $48,076 | $29,342 | — | — | — |
| 2022 | $44,003 | $27,538 | — | — | $16,465 |