Plan Snapshot
- Plan Sponsor: Safeway Enterprises, LLC
- Sponsor EIN: 223557453
- Sponsor Address: 701 ROUTE 202 206, BRIDGEWATER, NJ, 08807
- Plan Type: 401(k)
- Total Participants: 194
- Total Assets: $8.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 194 | $8.2M | $0 | $392,452 |
| 2023 | 194 | $7.3M | $0 | $382,978 |
| 2022 | 191 | $7.2M | $0 | $390,441 |
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 |
|---|---|---|---|---|
| COMMONWEALTH FINANCIAL NETWORK | Investment Advisor | $27,658 | — | $27,658 |
| NATIONWIDE LIFE INSURANCE CO | Recordkeeper | $11,256 | — | $11,256 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- COMMONWEALTH FINANCIAL NETWORK — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,914
- Estimated Expense Ratio: 0.475% 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 | $29,799 | $29,799 | — | — | — |
| 2023 | $25,760 | — | $100 | — | — |
| 2022 | $33,424 | $33,024 | $400 | — | — |