Plan Snapshot
- Plan Sponsor: Somerset Pediatric Group, LLC
- Sponsor EIN: 221908643
- Sponsor Address: 575 ROUTE 28, RARITAN, NJ, 08869
- Plan Type: DC
- Total Participants: 221
- Total Assets: $21.0M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 221 | $21.0M | $298,878 | $601,441 |
| 2023 | 198 | $19.9M | $269,144 | $499,187 |
| 2022 | 183 | $17.9M | $253,737 | $446,899 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER AND S | RECORDKEEPER | $67,998 | — | $67,998 |
| AJ SANTE | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $67,998
- Estimated Expense Ratio: 0.324% 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 | $14,465 | — | — | — | — |
| 2023 | $12,329 | — | — | — | — |
| 2022 | $15,732 | — | — | — | — |