Plan Snapshot
- Plan Sponsor: Schlesinger Central Processing Services, LLC
- Sponsor EIN: 753247757
- Sponsor Address: 101 WOOD AVENUE SOUTH, SUITE 501, ISELIN, NJ, 08830
- Plan Type: 401(k)
- Total Participants: 570
- Total Assets: $27.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 570 | $27.6M | $632,597 | $2.3M |
| 2023 | 654 | $23.9M | $695,821 | $2.3M |
| 2022 | 694 | $18.7M | $666,992 | $2.1M |
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 | Recordkeeper | $144,378 | — | $144,378 |
| BLEAKLEY FINANCIAL GROUP, LLC | Investment Advisor | — | $94,324 | $94,324 |
| BENEFIT PLANS ADMINISTRATIVE SERVIC | Recordkeeper | $3,549 | $12,625 | $16,174 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BLEAKLEY FINANCIAL GROUP, LLC — Investment Advisor
- BENEFIT PLANS ADMINISTRATIVE SERVIC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $254,876
- Estimated Expense Ratio: 0.923% 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 | $147,553 | — | — | — | — |
| 2023 | $120,108 | — | — | — | — |
| 2022 | $113,513 | — | $113,513 | — | — |