Plan Ledger DOL Form 5500 · updated monthly

American Furniture Rentals, Inc.401(k)

AMERICAN FURNITURE RENTALS, INC. 401(K) PROFIT SHARING PLAN · PENNSAUKEN, NJ · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

American Furniture Rentals, Inc. reported $108,165 in plan administrative expenses for 2024: 0.58% of average plan assets, higher than ~75% of peers. Employer contributions averaged $849 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 0.52% to 0.58%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 1,071st-largest of 2,419 plans among New Jersey employers on file, and the 662nd of 2,096 in real estate & leasing. In 2024, employees put in $3.12 for every $1.00 the employer contributed; active participation has grown from 383 to 568 since 2022.

Plan summary
Net assets, end of year$20,350,563
Participants with balances386
Active participants568
Employer contributions$481,960
Employee contributions$1,505,061
Employer contribution per active participant$849
Average account balance$52,722
Benefits paid to participants$1,069,487
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.4M · 386 accts · $482K emplr
2023$16.8M · 349 accts · $449K emplr
2022$14.2M · 312 accts · $340K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$108,165
Total administrative$108,165
The American Furniture Rentals, Inc. 401(k) match · 2024
Employer contribution per active participant$849
Median for plans this size$2,416
2024$849 per active participant
2023$938 per active participant
2022$887 per active participant

American Furniture Rentals, 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 · 20242
JOHN HANCOCK LIFE INSURANCE · Recordkeeping$99,877
ASSOCIATED BENEFIT PLANNERS, LTD.$8,250

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$108,165 · 0.58%
2023$86,842 · 0.56%
2022$81,518 · 0.52%
Same employer
Similar plansReal Estate & Leasing · New Jersey
Ue Management LLC NJ$32.1M · 0.11%
Rpm Management, LLC NJ$31.8M · 0.29%
Ironstate Properties LLC NJ$25.7M · 0.03%
Marlin Leasing Corporation NJ$24.6M · 0.30%
Nexus Management, LLC NJ$16.8M · 0.48%
The Kamson Corporation NJ$16.8M · 0.04%
Ingerman Management Company NJ$15.7M · 0.24%
Russo Development, LLC NJ$15.7M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 231951514 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.