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Original filing (PDF)20251015100244NAL0008975314001
BERGEN SHIPPERS CORP. DBA BERGEN LOGISTICS
Form 5500
FILING_RECEIVED
BERGEN LOGISTICS 401(K) PROFIT SHARING PLAN
401(k) retirement plan
Signals · 1
~130 bps in Sched C fees
Active participants
739
Accounts w/ balance
210
Plan assets (EOY)
$3.7M
Net assets (EOY)
$3.7M
How this plan invests
This plan
41 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
86
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
65
Vendor stack
100
Participation health
65
Knocking points off
- 130 bps in Schedule C fees — 150% above peer band of 52 bps.
- Only 28% as many balances as active participants — suggests many active employees aren't deferring.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BERGEN SHIPPERS CORP. DBA BERGEN LOGISTICS.
Plan sponsor
Name
BERGEN SHIPPERS CORP. DBA BERGEN LOGISTICS
EIN
80-0556716
Address
5903 WESTSIDE AVENUE · NORTH BERGEN, NJ · 07047
Phone
(201) 854-1512
Industry
Transportation & Warehousingsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-15
Pension benefit codes
2A · Age/service weighted or new comparability
2E · Profit-sharing
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
2T · Default investment account (QDIA)
3D · Pre-approved plan (master / prototype / VS)
3H · Sponsor in controlled / affiliated group
Audit & trust (Schedule H)
Auditor
WITHUMSMITH+BROWN
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
4 rowsRecordkeeper
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | — | GREENWOOD VILLAGE, CO | RECORDKEEPER | $24K | — |
Advisor / Consultant
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| NFP RETIREMENT INC. | — | ALISO VIEJO, CA | INVESTMENT ADVISOR | $11K | — |
TPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| ROBIN S. WEINGAST & ASSOCIATES, INC | — | GARDEN CITY, NY | CONTRACT ADMIN | $7K | — |
Other
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| EMPOWER ADVISORY GROUP, LLC | — | GREENWOOD VILLAGE, CO | INVESTMENT MGMT | $5K | — |
Investments
37 direct securities· $4.1M(100% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Fidelity 500 Index - | — | — | — | $361K | 9.8% | |
| Fidelity Freedom Index 2035 IFFEZX | — | — | $310K | $350K | 9.5% | |
| Notes receivable from Various maturity dates through 2029 with - | — | — | — | $271K | 7.4% | |
| Participant Loans 4.25-9.5 | — | — | — | $270K | 7.3% | |
| Fidelity US Bond Index - | — | — | — | $226K | 6.1% | |
| Fidelity Mid Cap Index - | — | — | — | $223K | 6.1% | |
| Fidelity International Index - | — | — | — | $219K | 6.0% | |
| Fidelity Freedom Index 2055 - | — | — | $147K | $174K | 4.7% | |
| Putnam Income R6 - 1 Putnam Large Cap Value R6 - | — | — | — | $166K | 4.5% | |
| Fidelity Freedom Index 2045 - | — | — | — | $161K | 4.4% | |
| Fidelity Freedom Index 2050 - | — | — | — | $150K | 4.1% | |
| Fidelity Freedom Index 2040 - | — | — | — | $149K | 4.1% | |
| Fidelity Freedom Index 2020 - | — | — | — | $144K | 3.9% | |
| Franklin Small Cap Value R6 - | — | — | — | $126K | 3.4% | |
| Putnam Dynamic Asset Alloc Growth R6 - | — | — | — | $125K | 3.4% | |
| PutnamDynamicAssetAllGrthR6 1PAEEX | — | — | $117K | $125K | 3.4% | |
| Fidelity Freedom Index 2030 - | — | — | — | $121K | 3.3% | |
| American Century Mid Cap Value R6 - | — | — | — | $104K | 2.8% | |
| Empower Investments Fixed Account Series Class II - | — | — | — | $93K | 2.5% | |
| Fidelity Emerging Markets Index - | — | — | — | $88K | 2.4% | |
| Putnam Income R6 1PINHX 1 EI Fixed Acct Series Class II 1GWAQ30 | — | — | $71K | $72K | 2.0% | |
| Fidelity Intl Sustainability I 1FNIDX | — | — | $60K | $62K | 1.7% | |
| Fidelity Small Cap Index - | — | — | — | $56K | 1.5% | |
| DFA Real Estate Securities I - | — | — | — | $42K | 1.2% | |
| Putnam Large Cap Growth R6 - | — | — | — | $41K | 1.1% | |
| Fidelity U.S. Sustainability Index Instl - | — | — | — | $40K | 1.1% | |
| Fidelity US Sustain Indx Fund 1FITLX | — | — | $37K | $40K | 1.1% | |
| PGIM Global Total Return R6 - | — | — | — | $31K | 0.9% | |
| Putnam Dynamic Asset Alloc Bal R6 - | — | — | — | $27K | 0.7% | |
| Fidelity Sustainability Bond Index - | — | — | — | $20K | 0.6% | |
| PGIM High Yield R6 - | — | — | — | $13K | 0.4% | |
| Invesco Discovery R6 - | — | — | — | $10K | 0.3% | |
| Forfeitures | — | — | — | $9K | 0.2% | |
| Empower Multi Sector Bond Inst - | — | — | — | $5K | 0.1% | |
| American Funds Intl GR and INC R6 - | — | — | — | $5K | 0.1% | |
| Invesco Discovery Mid Cap Growth R6 - | — | — | $5K | $4K | 0.1% | |
| Fidelity Freedom Index 2060 - | — | — | — | $4K | 0.1% |