Plan Snapshot
- Plan Sponsor: Saad F Habba, Md
- Sponsor EIN: 222787243
- Sponsor Address: 12 BANK ST, SUMMIT, NJ, 079013661
- Plan Type: DC
- Total Participants: 2
- Total Assets: $2.4M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2023 | 2 | $2.4M | $50,179 | $0 |
| 2022 | 2 | $2.3M | $59,102 | $0 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE. FENNER AND S | Investment Advisor | $68,674 | $1,130 | $69,804 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $69,804
- Estimated Expense Ratio: 2.877% 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 |
|---|---|---|---|---|---|
| 2023 | $43,607 | — | $34,522 | — | — |
| 2022 | $44,899 | — | $34,931 | — | — |