Plan Snapshot
- Plan Sponsor: Standard Chartered Bank
- Sponsor EIN: 941595409
- Sponsor Address: 2 GATEWAY CENTER, NEWARK, NJ, 07102
- Plan Type: DB
- Total Participants: 143
- Total Assets: $160.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 143 | $160.2M | $0 | $0 |
| 2023 | 178 | $170.6M | $0 | $0 |
| 2022 | 194 | $157.7M | $8.2M | $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 |
|---|---|---|---|---|
| JOHN HANCOCK | RETAINED BY EMPLOYER | $209,136 | — | $209,136 |
| THE VANGUARD GROUP, INC. | RETAINED BY EMPLOYER | $184,003 | — | $184,003 |
| FORVIS MAZARS, LLP | RETAINED BY EMPLOYER | $43,100 | — | $43,100 |
| DELOITTE & TOUCHE LLP | RETAINED BY EMPLOYER | $21,412 | — | $21,412 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK — RETAINED BY EMPLOYER
- THE VANGUARD GROUP, INC. — RETAINED BY EMPLOYER
- FORVIS MAZARS, LLP — RETAINED BY EMPLOYER
- DELOITTE & TOUCHE LLP — RETAINED BY EMPLOYER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $457,651
- Estimated Expense Ratio: 0.286% 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 | $602,384 | $184,004 | $209,136 | $43,100 | — |
| 2023 | $637,354 | $174,788 | $215,700 | $41,600 | — |
| 2022 | $568,580 | $158,294 | $217,570 | — | $59,044 |