Plan Ledger DOL Form 5500 · updated monthly

Alternatives, Inc.401(k)

ALTERNATIVES, INC. 401(K) PLAN · RARITAN, NJ · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Alternatives, Inc. reported $2,925 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $352 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 3 years on file its reported administrative ratio has held roughly steady near 0.023%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New Jersey (1,335th of 2,419), and the 4,866th of 11,911 in health care & social assistance. In 2024, employees put in $6.65 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,224,678
Participants with balances365
Active participants261
Employer contributions$91,883
Employee contributions$611,115
Employer contribution per active participant$352
Average account balance$36,232
Benefits paid to participants$993,055
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITH & BROWN PC
Plan history3
Yearassets · accounts · employer contribution
2024$13.2M · 365 accts · $92K emplr
2023$12.2M · 324 accts · $1K emplr
2022$10.8M · 347 accts · $116K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,925
Total administrative$2,925
The Alternatives, Inc. 401(k) match · 2024
Employer contribution per active participant$352
Median for plans this size$2,416
2024$352 per active participant
2023$5 per active participant
2022$438 per active participant

Alternatives, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$2,925

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$2,925 · 0.02%
2023$4,050 · 0.04%
2022$2,625 · 0.02%
Same employer
Similar plansHealth Care & Social Assistance · New Jersey
Salem County Hospital NJ$13.3M · 0.67%
Cfg Health Systems, L.L.C. NJ$13.1M · 0.39%
The Childsmiles Group, LLC NJ$13.1M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222318999 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.