Plan Snapshot
- Plan Sponsor: Wockhardt Usa, LLC
- Sponsor EIN: 201033990
- Sponsor Address: 20 WATERVIEW BLVD, 3RD FLOOR, PARSIPPANY, NJ, 07054
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 45
- Total Assets: $2.6M
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 | 45 | $2.6M | $0 | $0 |
| 2024 | 17 | $11.5M | $186,099 | $332,207 |
| 2023 | 20 | $2.6M | $116,859 | $205,783 |
| 2022 | 14 | $2.2M | $110,602 | $196,039 |
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 |
|---|---|---|---|---|
| ADP, INC. | Recordkeeper | $36,871 | — | $36,871 |
| MERRILL LYNCH PIERCE FENNER & SMITH | Investment Advisor | $21,079 | $783 | $21,862 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $58,733
- Estimated Expense Ratio: 2.244% 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 | $11,235,098 | $15,712 | — | — | — |
| 2024 | $4,561,193 | — | — | — | — |
| 2023 | $365,414 | — | — | — | — |
| 2022 | $1,106,672 | — | — | — | — |