What are the fees in the Able Ford of New Jersey, Inc 401(k) plan?

For plan year 2022, Able Ford of New Jersey, Inc reported $980 in plan administrative expenses, or 0.04% of average plan assets — lower than ~75% of peers. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Able Ford of New Jersey, Inc 401(k)?

The average participant account balance was $41,867 for plan year 2022, based on 64 accounts.

Able Ford of New Jersey, Inc401(k)

Name: Able Ford of New Jersey, Inc 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

ABLE FORD OF NEW JERSEY INC 401K PROFIT SHARING PLAN & TRUST · OLD BRIDGE, NJ · plan year 2022

Reported admin expense ratio · 2022

0.04%

Able Ford of New Jersey, Inc reported $980 in plan administrative expenses for 2022: 0.04% of average plan assets, lower than ~75% of peers. 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in New Jersey (2,083rd of 2,419), and 4,465th of 5,215 in retail trade.

Plan summary
Net assets, end of year$2,679,517
Participants with balances64
Active participants193
Employer contributions—
Employee contributions$574,340
Employer contribution per active participant—
Average account balance$41,867
Benefits paid to participants$181,745
Plan auditUnmodified (clean) audit opinion
AuditorBDG-CPAS

What these fees cost you

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$980 · 0.04%

Similar plansRetail Trade · New Jersey
Riggins, Inc. NJ$3.7M · 0.42%
Hearx West, LLC NJ$3.2M · 0.75%
Flemington Department Store, Inc. NJ$2.8M · 1.09%
Allied Management, Inc. NJ$2.8M · 0.35%
Creative Spa Management, LLC NJ$2.6M · 2.11%
Rk Chevrolet, Inc. NJ$2.5M · 0.17%
Lilliston Ford & Chrysler Plymou NJ$2.4M · 1.15%
Action Supply, Inc. NJ$2.4M · 1.02%

Why are you looking at this plan?

Compare
401(k) plans in New Jersey
Worked here before? Find your old 401(k)
401(k) plans in Retail Trade
Plans of similar size
Fee benchmarks by plan size

Source: U.S. Department of Labor, Form 5500 series, EIN 263285654 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.