Plan Ledger DOL Form 5500 · updated monthly

Apprentice Fs, Inc.401(k)

APPRENTICE FS, INC. 401(K) PLAN · JERSEY CITY, NJ · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Apprentice Fs, Inc. reported $35,275 in plan administrative expenses for 2024: 0.61% of average plan assets, above the peer median. Employer contributions averaged $6,467 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 1 year on file its reported administrative ratio fell from 0.93% to 0.61%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New Jersey (1,817th of 2,419), and 9,434th of 11,654 in professional & technical services. In 2024, employees put in $2.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,916,661
Participants with balances90
Active participants56
Employer contributions$362,152
Employee contributions$825,402
Employer contribution per active participant$6,467
Average account balance$65,741
Benefits paid to participants$1,618,144
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$5.9M · 90 accts · $362K emplr
2023$5.6M · 139 accts · $654K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,275
Total administrative$35,275
The Apprentice Fs, Inc. 401(k) match · 2024
Employer contribution per active participant$6,467
Median for plans this size$1,313
2024$6,467 per active participant
2023$9,077 per active participant

Apprentice Fs, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$23,865
S B H U LIFE AGENCY INC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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

Administrative cost history2
2024$35,275 · 0.61%
2023$40,249 · 0.93%
Similar plansProfessional & Technical Services · New Jersey
Spruce Technology, Inc. NJ$6.1M · 0.65%
Cobblestone Systems Corp NJ$6.0M · 0.03%
Leading Pharma, LLC NJ$5.9M · 0.70%
Sdg Consulting US Inc NJ$5.8M · 0.53%
Corra Technology Inc NJ$5.6M · 1.06%
Frank Gargiulo & Son Inc. NJ$5.2M · 0.99%

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Source: U.S. Department of Labor, Form 5500 series, EIN 474249438 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.