# Raymond Of New Jersey LLC 401(k) Plan
Source: https://planprovider.pro/companies/raymond-of-new-jersey-llc-401k-plan

> Raymond Of New Jersey LLC's 401(k) plan: 171 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/epic-retirement-plan-services) — 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|—|—|

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