Plan Snapshot
- Plan Sponsor: Saker Shoprites, INC.
- Sponsor EIN: 221729304
- Sponsor Address: 10 CENTERVILLE ROAD, HOLMDEL, NJ, 07733
- Plan Type: DB
- Total Participants: 631
- Total Assets: $27.6M
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. |
|---|---|---|---|---|
| 2024 | 631 | $27.6M | $1.8M | $0 |
| 2023 | 624 | $26.0M | $1.7M | $0 |
| 2022 | 566 | $22.9M | $1.7M | $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 |
|---|---|---|---|---|
| MORGAN STANLEY SMITH BARNEY LLC | NONE | $150,326 | — | $150,326 |
| ACRISURE | NONE | $112,500 | — | $112,500 |
| WITHUMSMITH+BROWN PC | NONE | $17,160 | — | $17,160 |
| OFFICE OF COMPLIANT ADMINISTRATION | NONE | $5,030 | — | $5,030 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY SMITH BARNEY LLC — NONE
- WITHUMSMITH+BROWN PC — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $285,016
- Estimated Expense Ratio: 1.034% 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 | $664,701 | $173,375 | $5,030 | $17,160 | — |
| 2023 | $1,076,563 | $153,860 | $5,609 | $16,120 | — |
| 2022 | $733,768 | $159,436 | — | — | $136,396 |