Plan Snapshot
- Plan Sponsor: Sax LLP
- Sponsor EIN: 812950760
- Sponsor Address: 389 INTERPACE PARKWAY, FLOOR 3, PARSIPPANY, NJ, 070541132
- Plan Type: 401(k)
- Total Participants: 358
- Total Assets: $77.4M
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 | 358 | $77.4M | $2.2M | $4.2M |
| 2023 | 317 | $66.0M | $2.0M | $3.5M |
| 2022 | 305 | $55.4M | $1.5M | $2.5M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $51,833 | — | $51,833 |
| INSERO & CO CPAS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- INSERO & CO CPAS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $51,833
- Estimated Expense Ratio: 0.067% 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 | $51,834 | — | $51,834 | — | — |
| 2023 | $42,541 | — | $42,541 | — | — |
| 2022 | $38,361 | — | $38,361 | — | — |