Plan Snapshot
- Plan Sponsor: Savino Del Bene Usa, INC.
- Sponsor EIN: 113402863
- Sponsor Address: 34 ENGLEHARD AVE, AVENEL, NJ, 07001
- Plan Type: 401(k)
- Total Participants: 518
- Total Assets: $26.7M
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 | 518 | $26.7M | $711,754 | $2.2M |
| 2023 | 554 | $22.0M | $760,105 | $2.0M |
| 2022 | 504 | $16.5M | $623,910 | $1.6M |
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 |
|---|---|---|---|---|
| ADP, INC. | Recordkeeper | $75,760 | — | $75,760 |
| GLOBAL RETIREMENT PARTNERS | Investment Advisor | $35,543 | — | $35,543 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — Recordkeeper
- GLOBAL RETIREMENT PARTNERS — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $111,303
- Estimated Expense Ratio: 0.417% 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 | $111,304 | $35,544 | — | — | — |
| 2023 | $92,923 | $27,298 | — | — | — |
| 2022 | $84,901 | — | — | — | — |