Plan Snapshot
- Plan Sponsor: Saker Shoprites, INC.
- Sponsor EIN: 221729304
- Sponsor Address: 10 CENTERVILLE ROAD, HOLMDEL, NJ, 07733
- Plan Type: 401(k)
- Total Participants: 707
- Total Assets: $105.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 707 | $105.9M | $1.6M | $4.9M |
| 2023 | 718 | $98.8M | $1.6M | $4.7M |
| 2022 | 703 | $87.2M | $1.5M | $4.4M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORD KEEPER | $106,456 | — | $106,456 |
| MORGAN STANLEY DEAN WITTER | BROKER | — | $102,655 | $102,655 |
| WITHUM, SMITH & BROWN PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORD KEEPER
- WITHUM, SMITH & BROWN PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $209,111
- Estimated Expense Ratio: 0.198% 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 | $106,456 | — | — | — | — |
| 2023 | $73,056 | — | — | — | — |
| 2022 | $107,166 | — | — | — | — |