Plan Snapshot
- Plan Sponsor: Spring Hills, LLC.
- Sponsor EIN: 223701677
- Sponsor Address: 26 MAIN ST, EDISON, NJ, 08837
- Plan Type: 401(k)
- Total Participants: 1,717
- Total Assets: $5.5M
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 | 1,717 | $5.5M | $309,441 | $702,193 |
| 2023 | 1,627 | $4.9M | $444,034 | $800,276 |
| 2022 | 1,726 | $4.1M | $510,354 | $1.0M |
| 2021 | 1,351 | $3.5M | $0 | $0 |
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 |
|---|---|---|---|---|
| TORRILLO & ASSOCIATES, L | ACCOUNTANT | $59,240 | — | $59,240 |
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $57,816 | — | $57,816 |
| THE LAW FIRM OF ANTHONY | LEGAL | $47,373 | — | $47,373 |
| PARK AVENUE SECURITIES | INVESTMENT ADVISORY | — | $20,081 | $20,081 |
| RETIREWELL ADMINISTRATIO | CONTRACT ADMINISTRATOR | $5,000 | — | $5,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TORRILLO & ASSOCIATES, L — ACCOUNTANT
- PARK AVENUE SECURITIES — INVESTMENT ADVISORY
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $189,510
- Estimated Expense Ratio: 3.438% 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 | $169,429 | — | $62,816 | $59,240 | — |
| 2023 | $47,739 | — | $47,739 | — | — |
| 2022 | $34,903 | — | — | — | — |
| 2021 | $13,531 | — | — | $13,531 | — |