Plan Snapshot
- Plan Sponsor: Thanexus, INC.
- Sponsor EIN: 223604702
- Sponsor Address: 1977 HIGHWAY 34, BUILDING F, WALL, NJ, 07719
- Plan Type: 401(k)
- Total Participants: 352
- Total Assets: $125.4M
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. |
|---|---|---|---|---|
| 2024 | 352 | $125.4M | $2.1M | $2.7M |
| 2023 | 335 | $120.7M | $2.2M | $3.0M |
| 2022 | 372 | $100.3M | $2.3M | $3.0M |
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 |
|---|---|---|---|---|
| ALERUS FINANCIAL, N.A. | NONE | $223,503 | — | $223,503 |
| COHN REZNCIK | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALERUS FINANCIAL, N.A. — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $223,503
- Estimated Expense Ratio: 0.178% 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 | $223,503 | $213,305 | — | — | — |
| 2023 | $192,551 | $188,345 | — | — | — |
| 2022 | $182,672 | — | — | — | — |