Plan Snapshot
- Plan Sponsor: Russo Development, LLC
- Sponsor EIN: 223692541
- Sponsor Address: 570 COMMERCE BOULEVARD, CARLSTADT, NJ, 070723013
- Plan Type: 401(k)
- Total Participants: 221
- Total Assets: $15.7M
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 | 221 | $15.7M | $1.1M | $1.1M |
| 2023 | 205 | $11.9M | $902,770 | $910,929 |
| 2022 | 182 | $8.7M | $741,306 | $740,206 |
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 |
|---|---|---|---|---|
| WISS & COMPANY, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WISS & COMPANY, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $12,317 | — | $12,317 | — | — |
| 2023 | $7,032 | — | $7,032 | — | — |
| 2022 | $4,845 | — | $4,845 | — | — |