# Salomone Bros., INC. 401(k) Plan
Source: https://planprovider.pro/companies/salomone-bros-inc-401k-plan

> Salomone Bros., INC.&#39;s 401(k) plan: 176 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Salomone Bros., INC.

- **Sponsor EIN:** 222107164

- **Sponsor Address:** 17 DEMAREST DRIVE, WAYNE, NJ, 07470

- **Plan Type:** 401(k)

- **Total Participants:** 176

- **Total Assets:** $16.6M

## 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|176|$16.6M|$205,117|$778,930|

| 2023|129|$13.5M|$163,616|$676,054|

| 2022|118|$10.4M|$139,772|$561,005|

## 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|

| MSPC CERTIFIED PUBLIC ACCOUNTANTS|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [MSPC CERTIFIED PUBLIC ACCOUNTANTS](https://planprovider.pro/provider/mspc-certified-public-accountants-and) — 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|$281,378|—|$3,902|—|—|

| 2023|$37,657|—|$4,489|—|—|

| 2022|$2,064|$1,389|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/salomone-bros-inc-401k-plan)

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