Plan Ledger DOL Form 5500 · updated monthly

Adare Pharmaceuticals, Inc.401(k)

ADARE PHARMACEUTICALS, INC. 401(K) PLAN · LAWRENCEVILLE, NJ · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Adare Pharmaceuticals, Inc. reported $111,868 in plan administrative expenses for 2024: 0.18% of average plan assets, above the peer median. Employer contributions averaged $4,117 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 rose from 0.08% to 0.18%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 467th-largest of 2,419 plans among New Jersey employers on file, and the 2,490th of 13,661 in manufacturing. In 2024, employees put in $2.12 for every $1.00 the employer contributed; active participation has grown from 231 to 491 since 2022.

Plan summary
Net assets, end of year$69,104,054
Participants with balances633
Active participants491
Employer contributions$2,021,583
Employee contributions$4,277,277
Employer contribution per active participant$4,117
Average account balance$109,169
Benefits paid to participants$4,770,452
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$69.1M · 633 accts · $2.0M emplr
2023$57.7M · 564 accts · $1.9M emplr
2022$33.2M · 313 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$54,368
Investment management$50,000
Audit (IQPA)$7,500
Total administrative$111,868
The Adare Pharmaceuticals, Inc. 401(k) match · 2024
Employer contribution per active participant$4,117
Median for plans this size$3,635
2024$4,117 per active participant
2023$4,415 per active participant
2022$6,104 per active participant

Adare Pharmaceuticals, Inc.'s 2024 employer contribution ran above the $3,635 median for plans its size. 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$54,368
NFP RETIREMENT INC · Investment advisory (plan)$50,000
KATZ, SAPPER & MILLER · Accounting / audit$7,500

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

Administrative cost history3
2024$111,868 · 0.18%
2023$107,326 · 0.24%
2022$29,492 · 0.08%
Same employer
Similar plansManufacturing · New Jersey
Clayton Block Company, Inc. NJ$73.4M · 0.05%
Sekisui America Corporation NJ$73.2M · 0.26%
Amano USA Holdings, Inc. NJ$70.7M · 0.43%
Humanscale Corporation NJ$67.5M · 0.03%
Freshpet, Inc. NJ$66.4M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 310988732 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.