Plan Snapshot
- Plan Sponsor: Ramsey Auto Group
- Sponsor EIN: 223340645
- Sponsor Address: 585 ROUTE 17 SOUTH, RAMSEY, NJ, 07446
- Plan Type: 401(k)
- Total Participants: 436
- Total Assets: $17.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- 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 | 436 | $17.9M | $0 | $1.7M |
| 2023 | 431 | $14.9M | $0 | $1.6M |
| 2022 | 399 | $11.9M | $2,607 | $1.6M |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | SERVICE PROVIDER | $83,781 | $40 | $83,821 |
| CORNERSTONE PLANNING GROUP | SERVICE PROVIDER | — | $41,167 | $41,167 |
| WITHUMSMITH & BROWN | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WITHUMSMITH & BROWN — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $124,988
- Estimated Expense Ratio: 0.696% 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 | $83,781 | $54 | $82,177 | — | — |
| 2023 | $22,727 | — | $22,727 | — | — |
| 2022 | $33,484 | $24,898 | $8,560 | — | — |