Plan Snapshot
- Plan Sponsor: Springpoint Senior Living, INC.
- Sponsor EIN: 311480524
- Sponsor Address: 4814 OUTLOOK DRIVE SUITE 201, WALL TOWNSHIP, NJ, 07753
- Plan Type: 401(k)
- Plan Number: 003
- Total Participants: 2,342
- Total Assets: $88.4M
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. |
|---|---|---|---|---|
| 2025 | 2,342 | $88.4M | $0 | $0 |
| 2024 | 1,787 | $82.5M | $1.4M | $4.5M |
| 2023 | 1,664 | $74.8M | $1.3M | $4.4M |
| 2022 | 862 | $66.3M | $1.3M | $4.4M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $73,781 | — | $73,781 |
| BAKER TILLY US LLP | Auditor | $7,000 | — | $7,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $80,781
- Estimated Expense Ratio: 0.091% 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 |
|---|---|---|---|---|---|
| 2025 | $11,565,151 | — | — | $7,000 | — |
| 2024 | $138,368 | $863 | $56,160 | $8,000 | — |
| 2023 | $147,236 | $72,127 | $74,134 | — | — |
| 2022 | $160,948 | $24,879 | $100,109 | — | $33,315 |