Plan Ledger DOL Form 5500 · updated monthly

Berkeley College401(k)

BERKELEY COLLEGE RETIREMENT PLAN · WOODLAND PARK, NJ · plan year 2024

Reported admin expense ratio · 2024
0.17%

Berkeley College reported $176,161 in plan administrative expenses for 2024: 0.17% of average plan assets, above the peer median. 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 0.16% to 0.17%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 348th-largest of 2,419 plans among New Jersey employers on file, and the 493rd of 3,091 in educational services.

Plan summary
Net assets, end of year$108,142,534
Participants with balances751
Active participants469
Employer contributions—
Employee contributions$3,125,219
Employer contribution per active participant—
Average account balance$143,998
Benefits paid to participants$7,151,275
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$108.1M · 751 accts
2023$98.6M · 783 accts
2022$91.2M · 828 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$68,898
Audit (IQPA)$11,000
Total administrative$176,161
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
T ROWE PRICE RPS INC · Recordkeeping · Trustee$68,898
MERCER · Consulting$95,463
COHNREZNICK LLP · Accounting / audit$11,000

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$176,161 · 0.17%
2023$143,972 · 0.15%
2022$162,351 · 0.16%
Same employer
Similar plansEducational Services · New Jersey
Drew University NJ$230.5M · 0.04%
Lawrenceville School NJ$184.9M · 0.04%
Princeton Day School NJ$112.2M · 0.06%
The University of the Arts NJ$99.1M · 0.06%
Dwight-Englewood School NJ$90.2M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222810633 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.