Plan Ledger DOL Form 5500 · updated monthly

981 Management Company LLC401(k)

981 MANAGEMENT COMPANY LLC 401(K) PLAN · BRIDGEWATER, NJ · plan year 2024

Reported admin expense ratio · 2024
0.82%

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

981 Management Company LLC reported $42,999 in plan administrative expenses for 2024: 0.82% of average plan assets, above the peer median. Employer contributions averaged $576 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 2 years on file its reported administrative ratio fell from 0.89% to 0.82%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in New Jersey (1,821st of 2,419), and 1,428th of 2,096 in real estate & leasing. In 2024, employees put in $4.27 for every $1.00 the employer contributed; active participation has grown from 303 to 338 since 2022.

Plan summary
Net assets, end of year$5,829,432
Participants with balances146
Active participants338
Employer contributions$194,608
Employee contributions$830,908
Employer contribution per active participant$576
Average account balance$39,928
Benefits paid to participants$567,514
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.8M · 146 accts · $195K emplr
2023$4.7M · 129 accts · $164K emplr
2022$3.5M · 129 accts · $157K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,740
Investment management$24,259
Total administrative$42,999
The 981 Management Company LLC 401(k) match · 2024
Employer contribution per active participant$576
Median for plans this size$1,313
2024$576 per active participant
2023$519 per active participant
2022$517 per active participant

981 Management Company LLC's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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.

Service providers · 20242
MASSEY, QUICK, SIMON & CO., LLC · Recordkeeping · Trustee$24,259
ADP, INC. · Loan processing · Recordkeeping$18,740

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP, MASSEY, QUICK, SIMON & CO., LLC
2023ADP, MASSEY, QUICK, SIMON & CO., LLC

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Administrative cost history3
2024$42,999 · 0.82%
2023$35,269 · 0.86%
2022$31,778 · 0.89%
Similar plansReal Estate & Leasing · New Jersey
Ulma Form Works, Inc NJ$6.9M · 0.54%
Treetop Development LLC NJ$4.0M · 0.77%
Kaplan Companies NJ$3.0M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222827766 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.