Plan Ledger DOL Form 5500 · updated monthly

Berje, Inc.401(k)

BERJE, INC. RETIREMENT PLAN · CARTERET, NJ · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Berje, Inc. reported $86,399 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $2,003 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 0.26% to 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 844th-largest of 2,419 plans among New Jersey employers on file, and the 1,390th of 4,246 in wholesale trade. In 2024, employees put in $3.55 for every $1.00 the employer contributed; active participation has grown from 155 to 173 since 2022.

Plan summary
Net assets, end of year$29,225,106
Participants with balances193
Active participants173
Employer contributions$346,515
Employee contributions$1,229,845
Employer contribution per active participant$2,003
Average account balance$151,425
Benefits paid to participants$535,820
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITH & BROWN P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$29.2M · 193 accts · $347K emplr
2023$25.0M · 147 accts · $292K emplr
2022$22.8M · 186 accts · $262K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,979
Investment management$54,420
Total administrative$86,399
The Berje, Inc. 401(k) match · 2024
Employer contribution per active participant$2,003
Median for plans this size$2,416
2024$2,003 per active participant
2023$2,041 per active participant
2022$1,688 per active participant

Berje, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20244
OSAIC WEALTH INC · Investment advisory (plan)$54,420
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$27,229
ORENDA RETIREMENT LLC · Contract administrator · Other services$4,750
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 history3
2024$86,399 · 0.32%
2023$80,853 · 0.34%
2022$64,379 · 0.26%
Same employer
Similar plansWholesale Trade · New Jersey
Anderson & Vreeland NJ$30.3M · 0.05%
Porven, LTD. NJ$30.2M · 0.04%
Sigma International Group NJ$30.2M · 0.34%
Samsung C&T America, Inc. NJ$29.6M · 0.18%
Unex Corp NJ$26.8M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 135556034 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.