Plan Ledger DOL Form 5500 · updated monthly

Amspec, LLC401(k)

AMSPEC, LLC RETIREMENT SAVINGS PLAN · CRANBURY, NJ · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Amspec, LLC reported $269,340 in plan administrative expenses for 2024: 0.28% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,468 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 0.38% to 0.28%. 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 357th-largest of 2,419 plans among New Jersey employers on file, and the 1,857th of 13,661 in manufacturing. In 2024, employees put in $2.13 for every $1.00 the employer contributed; active participation has grown from 1,651 to 1,960 since 2022.

Plan summary
Net assets, end of year$104,062,831
Participants with balances1,599
Active participants1,960
Employer contributions$4,837,434
Employee contributions$10,301,908
Employer contribution per active participant$2,468
Average account balance$65,080
Benefits paid to participants$10,576,440
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$104.1M · 1,599 accts · $4.8M emplr
2023$86.2M · 1,520 accts · $4.4M emplr
2022$65.8M · 1,338 accts · $3.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$194,288
Investment management$75,052
Total administrative$269,340
The Amspec, LLC 401(k) match · 2024
Employer contribution per active participant$2,468
Median for plans this size$3,635
2024$2,468 per active participant
2023$2,381 per active participant
2022$2,313 per active participant

Amspec, LLC's 2024 employer contribution ran below 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 · 20242
ADP, INC. · Loan processing · Recordkeeping$194,288
HANCOCK WHITNEY BANK · Recordkeeping · Trustee$75,052

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, HANCOCK WHITNEY BANK
2023ADP, HANCOCK WHITNEY BANK

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Administrative cost history3
2024$269,340 · 0.28%
2023$251,869 · 0.33%
2022$262,560 · 0.38%
Same employer
Similar plansManufacturing · New Jersey
Gerresheimer Glass Inc. NJ$115.0M · 0.22%
Sabert Corporation NJ$113.3M · 0.04%
Robertet, Inc. NJ$111.9M · 0.12%
Mane USA NJ$107.0M · 0.12%
Goya Foods, Inc. NJ$103.6M · 0.14%
Camfil USA, Inc. NJ$103.3M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223522064 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.