Plan Snapshot
- Plan Sponsor: South Jersey Glass Co, INC.
- Sponsor EIN: 210699654
- Sponsor Address: 3278 S WEST BLVD, VINELAND, NJ, 083607467
- Plan Type: 401(k)
- Total Participants: 162
- Total Assets: $12.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- 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 | 162 | $12.6M | $413,731 | $827,453 |
| 2023 | 171 | $9.9M | $366,138 | $729,295 |
| 2022 | 151 | $8.9M | $310,282 | $620,932 |
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 |
|---|---|---|---|---|
| TRUIST ADVISORY SERVICES, INC. | Other Service Provider | — | $21,977 | $21,977 |
| SAX WEALTH ADVISORS, LLC | Other Service Provider | — | $17,557 | $17,557 |
| THE ROSE FINANCIAL GROUP, LLC | Recordkeeper | $1,725 | $5,544 | $7,269 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $46,803
- Estimated Expense Ratio: 0.373% 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 | $63,435 | $41,793 | $1,725 | — | — |
| 2023 | $54,142 | — | $54,142 | — | — |
| 2022 | $47,828 | — | $47,828 | — | — |