Plan Ledger DOL Form 5500 · updated monthly

Belsono Management Group, LLC401(k)

BELSONO MANAGEMENT GROUP, LLC 401(K) PLAN · MOUNTAIN LAKES, NJ · plan year 2022

Reported admin expense ratio · 2022
1.01%

Belsono Management Group, LLC reported $43,794 in plan administrative expenses for 2022: 1.01% of average plan assets, higher than ~75% of peers. 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New Jersey (2,359th of 2,419), and 11,702nd of 11,911 in health care & social assistance. In 2022, employees put in $339.50 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$168,715
Participants with balances28
Active participants0
Employer contributions$4,900
Employee contributions$1,663,567
Employer contribution per active participant—
Average account balance$6,026
Benefits paid to participants$988,696
Plan auditUnmodified (clean) audit opinion
AuditorGETTRY MARCUS
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$40,779
Investment management$2,775
Total administrative$43,794
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$43,794 · 1.01%
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Source: U.S. Department of Labor, Form 5500 series, EIN 812350990 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.