Plan Ledger DOL Form 5500 · updated monthly

Aspire Pharmaceuticals, Inc401(k)

ASPIRE PHARMACEUTICALS, INC. 401(K) PLAN · SOMERSET, NJ · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Aspire Pharmaceuticals, Inc reported $12,725 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $0 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 0.56% to 0.26%. 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 (1,877th of 2,419), and 9,833rd of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$4,949,566
Participants with balances108
Active participants138
Employer contributions$0
Employee contributions$556,128
Employer contribution per active participant$0
Average account balance$45,829
Benefits paid to participants$1,002,913
Plan auditUnmodified (clean) audit opinion
AuditorRAM ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$4.9M · 108 accts
2023$4.9M · 120 accts · $229K emplr
2022$3.6M · 108 accts · $211K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,233
Investment management$9,492
Total administrative$12,725
The Aspire Pharmaceuticals, Inc 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313
2023$1,927 per active participant
2022$1,638 per active participant

Aspire Pharmaceuticals, Inc's 2024 employer contribution ran below the $1,313 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
ADP, INC. · Loan processing · Recordkeeping$2,725
ADP BROKER-DEALERindirect comp

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
2023EQUITABLE LIFE INSURANCE CO

This plan has changed recordkeepers within these filings. If you left Aspire Pharmaceuticals, Inc before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$12,725 · 0.26%
2023$22,251 · 0.53%
2022$19,788 · 0.56%
Same employer
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Corra Technology Inc NJ$5.6M · 1.06%
Frank Gargiulo & Son Inc. NJ$5.2M · 0.99%
Atr Holding Company Inc NJ$5.1M · 0.10%
First Tek, Inc. NJ$4.9M · 0.57%
Tanisha Systems Inc. NJ$4.8M · 0.03%
Om Group, Inc. NJ$4.7M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 264768954 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.