Plan Snapshot
- Plan Sponsor: Sparc Group LLC
- Sponsor EIN: 813795831
- Sponsor Address: 125 CHUBB AVE, LYNDHURST, NJ, 07071
- Plan Type: 401(k)
- Total Participants: 11,662
- Total Assets: $341.8M
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 | 11,662 | $341.8M | $9.1M | $25.0M |
| 2023 | 11,521 | $294.0M | $4.9M | $25.9M |
| 2022 | 7,576 | $232.5M | $8.3M | $14.8M |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | Other Service Provider | $615,047 | $205 | $615,252 |
| VOYA RETIREMENT ADVISORS, LLC | Other Service Provider | $23,462 | — | $23,462 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $638,714
- Estimated Expense Ratio: 0.187% 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 | $638,509 | $25,089 | $560,791 | — | — |
| 2023 | $518,447 | $6,702 | $467,145 | — | — |
| 2022 | $150,188 | — | — | — | — |