Plan Snapshot
- Plan Sponsor: System Freight, INC.
- Sponsor EIN: 222063135
- Sponsor Address: 7 CENTRE DRIVE SUITE 5, JAMESBURG, NJ, 088311565
- Plan Type: DC
- Total Participants: 451
- Total Assets: $15.2M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 451 | $15.2M | $200,000 | $1.3M |
| 2023 | 430 | $13.5M | $429,461 | $1.2M |
| 2022 | 400 | $10.8M | $281,014 | $1.2M |
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 |
|---|---|---|---|---|
| USI CONSULTING GROUP | RECORDKEEPER | $71,852 | — | $71,852 |
| USI ADVISORS | ADVISORS | $28,071 | — | $28,071 |
| COHNREZNICK LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $99,923
- Estimated Expense Ratio: 0.659% 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 | $99,925 | $50,509 | — | — | — |
| 2023 | $75,345 | $22,724 | — | — | — |
| 2022 | $79,249 | — | $79,249 | — | — |