Plan Snapshot
- Plan Sponsor: Ynap Corporation
- Sponsor EIN: 611428780
- Sponsor Address: 725 DARLINGTON AVENUE, MAHWAH, NJ, 07430
- Plan Type: 401(k)
- Total Participants: 554
- Total Assets: $25.3M
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 | 554 | $25.3M | $768,276 | $1.4M |
| 2023 | 667 | $22.3M | $841,789 | $1.5M |
| 2022 | 723 | $17.7M | $877,661 | $1.5M |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | SERVICE PROVIDER | $82,906 | $90 | $82,996 |
| VOYA RETIREMENT ADVISORS, LLC | SERVICE PROVIDER | $8,598 | — | $8,598 |
| FUNARO & CO., P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FUNARO & CO., P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $91,594
- Estimated Expense Ratio: 0.363% 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 | $92,434 | $8,757 | $81,027 | — | — |
| 2023 | $76,729 | $6,503 | $67,026 | — | — |
| 2022 | $79,099 | — | — | — | — |