Plan Ledger DOL Form 5500 · updated monthly

Bogush Inc.401(k)

BOGUSH/WALLINGTON PLUMBING 401(K) RETIREMENT SAVINGS PLAN · WALLINGTON, NJ · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Bogush Inc. reported $89,293 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $2,977 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 3 years on file its reported administrative ratio has held roughly steady near 0.26%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 706th-largest of 2,419 plans among New Jersey employers on file, and the 1,312th of 5,337 in construction. In 2024, employees put in $2.09 for every $1.00 the employer contributed; active participation has grown from 171 to 207 since 2022.

Plan summary
Net assets, end of year$37,261,948
Participants with balances211
Active participants207
Employer contributions$616,317
Employee contributions$1,289,527
Employer contribution per active participant$2,977
Average account balance$176,597
Benefits paid to participants$1,352,137
Plan auditUnmodified (clean) audit opinion
AuditorSAX LLP
Plan history3
Yearassets · accounts · employer contribution
2024$37.3M · 211 accts · $616K emplr
2023$31.1M · 192 accts · $562K emplr
2022$25.2M · 190 accts · $510K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,256
Investment management$48,037
Total administrative$89,293
The Bogush Inc. 401(k) match · 2024
Employer contribution per active participant$2,977
Median for plans this size$2,416
2024$2,977 per active participant
2023$2,956 per active participant
2022$2,981 per active participant

Bogush Inc.'s 2024 employer contribution ran above 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 · 20242
AVANTAX ADVISORY SERVICES, INC · Investment advisory (plan)$48,037
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$41,256

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$89,293 · 0.26%
2023$74,160 · 0.26%
2022$75,029 · 0.27%
Similar plansConstruction · New Jersey
J.F. Kiely Construction Co. NJ$39.4M · 0.02%
Air Group, LLC NJ$38.2M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222086018 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.