Plan Ledger DOL Form 5500 · updated monthly

Bridgeway Behavioral Health Services403(b)

EMPLOYEE BENEFIT PLAN OF BRIDGEWAY REHABILITATION SERVICES · ELIZABETH, NJ · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Bridgeway Behavioral Health Services reported $116,408 in plan administrative expenses for 2024: 0.55% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,390 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 rose from 0.06% to 0.55%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 1,007th-largest of 2,419 plans among New Jersey employers on file, and the 970th of 3,341 in other services. In 2024, employees put in $2.05 for every $1.00 the employer contributed; active participation has shrunk from 479 to 388 since 2021.

Plan summary
Net assets, end of year$22,316,702
Participants with balances483
Active participants388
Employer contributions$539,192
Employee contributions$1,105,242
Employer contribution per active participant$1,390
Average account balance$46,204
Benefits paid to participants$1,136,020
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2024$22.3M · 483 accts · $539K emplr
2023$19.8M · 475 accts · $828K emplr
2022$16.8M · 537 accts · $780K emplr
2021$19.2M · 535 accts · $804K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$103,908
Audit (IQPA)$12,500
Total administrative$116,408
Employer contributions to the Bridgeway Behavioral Health Services plan · 2024
Employer contribution per active participant$1,390
Median for plans this size$2,416
2024$1,390 per active participant
2023$2,197 per active participant
2022$1,611 per active participant
2021$1,679 per active participant

Bridgeway Behavioral Health Services'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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$103,887
BELFINT LYONS & SHUMAN · Accounting / audit$12,500
MML INVESTORS SERVICES LLC · Investment advisory (plan)indirect comp
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 history4
2024$116,408 · 0.55%
2023$91,315 · 0.50%
2022$60,859 · 0.34%
2021$10,546 · 0.06%
Same employer
Similar plansOther Services · New Jersey
Vda, Inc. NJ$25.2M · 0.29%
Sea Box, Inc. NJ$21.0M · 0.42%
Tkl Research Inc. NJ$18.2M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222257891 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.