Plan Ledger DOL Form 5500 · updated monthly

340B Technologies, Inc.401(k)

340B TECHNOLOGIES 401(K) PLAN · MT. LAUREL, NJ · plan year 2024

Reported admin expense ratio · 2024
0.11%

Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works

340B Technologies, Inc. reported $6,635 in plan administrative expenses for 2024: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,593 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 1 year on file its reported administrative ratio rose from 0.02% to 0.11%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New Jersey (1,735th of 2,419), and 9,043rd of 11,654 in professional & technical services. In 2024, employees put in $1.72 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,996,408
Participants with balances238
Active participants303
Employer contributions$785,774
Employee contributions$1,350,078
Employer contribution per active participant$2,593
Average account balance$29,397
Benefits paid to participants$1,034,456
Plan auditUnmodified (clean) audit opinion
AuditorTORILLO & ASSOCIATES, LLC
Plan history2
Yearassets · accounts · employer contribution
2024$7.0M · 238 accts · $786K emplr
2023$5.0M · 166 accts · $538K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,635
Total administrative$6,635
The 340B Technologies, Inc. 401(k) match · 2024
Employer contribution per active participant$2,593
Median for plans this size$1,313
2024$2,593 per active participant
2023$2,167 per active participant

340B Technologies, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2024$6,635 · 0.11%
2023$875 · 0.02%
Similar plansProfessional & Technical Services · New Jersey
Parker Ibrahim & Berg LLP NJ$7.2M · 0.07%
Comrise, Inc. NJ$7.2M · 0.26%
Farren International, LLC NJ$7.1M · 0.52%
Medsr, Inc. NJ$7.0M · 0.39%
Computer Data Source LLC NJ$7.0M · 0.08%
P.K.M.M. Inc. NJ$6.7M · 0.89%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 471520516 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.