Plan Snapshot
- Plan Sponsor: Raymond Of New Jersey LLC
- Sponsor EIN: 223660795
- Sponsor Address: 1000 BRIGHTON ST, UNION, NJ, 070836805
- Plan Type: 401(k)
- Total Participants: 171
- Total Assets: $12.2M
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 | 171 | $12.2M | $188,081 | $797,782 |
| 2023 | 173 | $11.2M | $183,970 | $751,265 |
| 2022 | 165 | $9.3M | $176,757 | $707,489 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $30,171 | — | $30,171 |
| ONEDIGITAL INVESTMENT ADVISORS | INVESTMENT ADVISORY | $30,071 | $6 | $30,077 |
| WORKPLACE BENEFITS, INC. | OTHER SERVICES | — | $15,641 | $15,641 |
| MAGONE & COMPANY, P. C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ONEDIGITAL INVESTMENT ADVISORS — INVESTMENT ADVISORY
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $75,889
- Estimated Expense Ratio: 0.623% 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 | $60,245 | $30,074 | $30,171 | — | — |
| 2023 | $44,528 | $18,784 | $25,744 | — | — |
| 2022 | $23,649 | — | $23,649 | — | — |