Plan Snapshot
- Plan Sponsor: Solomon Schechter Day School Of Bergen County
- Sponsor EIN: 237370024
- Sponsor Address: 275 MCKINLEY AVENUE, NEW MILFORD, NJ, 07646
- Plan Type: 403(b)
- Total Participants: 102
- Total Assets: $7.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 102 | $7.6M | $252,634 | $406,699 |
| 2023 | 103 | $7.8M | $232,800 | $351,234 |
| 2022 | 99 | $6.8M | $216,738 | $343,364 |
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 | Recordkeeper | $43,118 | — | $43,118 |
| HIGHTOWER ADVISORS, LLC | Investment Advisor | — | $22,126 | $22,126 |
| INTAC ACTUARIAL SERVICES | Recordkeeper | $7,462 | $3,525 | $10,987 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $76,231
- Estimated Expense Ratio: 1.001% 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 | $50,607 | $50,607 | — | — | — |
| 2023 | $30,907 | $30,907 | — | — | — |
| 2022 | $5,606 | — | $5,606 | — | — |