Plan Snapshot
- Plan Sponsor: The Valley Hospital
- Sponsor EIN: 221487307
- Sponsor Address: 4 VALLEY HEALTH PLAZA, PARAMUS, NJ, 07652
- Plan Type: 401(k)
- Total Participants: 6,085
- Total Assets: $1.1B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 6,085 | $1.1B | $22.4M | $51.2M |
| 2023 | 5,712 | $930.5M | $20.5M | $47.0M |
| 2022 | 5,346 | $794.4M | $18.6M | $42.6M |
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 |
|---|---|---|---|---|
| LINCOLN NATIONAL CORPORATION | SERVICE PROVIDER | $344,249 | — | $344,249 |
| THE CONCORD ADVISORY GROUP | ADVISOR | $60,619 | — | $60,619 |
| PKF O'CONNOR DAVIES, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LINCOLN NATIONAL CORPORATION — SERVICE PROVIDER
- PKF O'CONNOR DAVIES, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $404,868
- Estimated Expense Ratio: 0.038% 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 | $404,868 | $60,619 | $344,249 | — | — |
| 2023 | $381,500 | $58,652 | $322,848 | — | — |
| 2022 | $393,134 | $58,359 | $334,775 | — | — |