Canfield Scientific, Inc.401(k)
CANFIELD SCIENTIFIC, INC. PROFIT SHARING 401(K) PLAN · PARSIPPANY, NJ · plan year 2024
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Canfield Scientific, Inc. reported $65,055 in plan administrative expenses for 2024: 0.15% of average plan assets, below the peer median. Employer contributions averaged $3,553 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 fell from 0.46% to 0.15%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 600th-largest of 2,419 plans among New Jersey employers on file, and the 556th of 2,199 in information & media. In 2024, employees put in $2.33 for every $1.00 the employer contributed.
Canfield Scientific, 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 222938062 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.