Plan Snapshot
- Plan Sponsor: Solomon Realty Advisors, INC.
- Sponsor EIN: 222867476
- Sponsor Address: 92 RIVER RD, SUMMIT, NJ, 07901
- Plan Type: 401(k)
- Total Participants: 632
- Total Assets: $15.5M
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 | 632 | $15.5M | $661,703 | $1.9M |
| 2023 | 604 | $12.0M | $527,942 | $1.7M |
| 2022 | 606 | $8.8M | $420,452 | $1.4M |
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 | $138,943 | — | $138,943 |
| ORENDA RETIREMENT, LLC | CONTRACT ADMINISTRATOR | $24,536 | $11,547 | $36,083 |
| NORTHWESTERN MUTUAL INVESTMENT SERV | OTHER SERVICES | — | $32,380 | $32,380 |
| LILLING & COMPANY LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NORTHWESTERN MUTUAL INVESTMENT SERV — OTHER SERVICES
- LILLING & COMPANY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $207,406
- Estimated Expense Ratio: 1.341% 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 | $163,479 | — | $163,479 | — | — |
| 2023 | $125,745 | — | $104,977 | — | — |
| 2022 | $112,565 | — | $101,544 | — | $11,021 |