Plan Ledger DOL Form 5500 · updated monthly

Citiustech, Inc.401(k)

CITIUSTECH 401(K) PLAN · PRINCETON, NJ · plan year 2024

Reported admin expense ratio · 2024
0.83%

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

Citiustech, Inc. reported $136,075 in plan administrative expenses for 2024: 0.83% of average plan assets, higher than ~90% of peers. Employer contributions averaged $160 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 1 year on file its reported administrative ratio fell from 1.01% to 0.83%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,140th-largest of 2,419 plans among New Jersey employers on file, and 6,031st of 11,654 in professional & technical services. In 2024, employees put in $16.96 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,431,786
Participants with balances494
Active participants887
Employer contributions$142,203
Employee contributions$2,411,285
Employer contribution per active participant$160
Average account balance$35,287
Benefits paid to participants$2,862,687
Plan auditUnmodified (clean) audit opinion
AuditorGOFF BACKA ALFERA & COMPANY, LLC
Plan history2
Yearassets · accounts · employer contribution
2024$17.4M · 494 accts · $142K emplr
2023$15.2M · 454 accts · $9K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$79,209
Investment management$56,866
Total administrative$136,075
The Citiustech, Inc. 401(k) match · 2024
Employer contribution per active participant$160
Median for plans this size$2,416
2024$160 per active participant
2023$10 per active participant

Citiustech, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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
DUNBAR BENDER & ZAPF · Recordkeeping · Consulting$16,031
RAYMOND JAMES & ASSOCIATES · Investment advisory (participants) · Investment advisory (plan)$56,866

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

Administrative cost history2
2024$136,075 · 0.83%
2023$117,489 · 1.01%
All plans at this employer2
CITIUSTECH 401(K) PLAN401(k)
CITIUSTECH 401(K) PLAN401(k)
Same employer
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Ih Engineers, PC NJ$17.7M · 0.40%
Axis Analytics, LLC NJ$17.7M · 0.41%
Inflexionpoint NJ$17.3M · 0.08%
Mfxchange US, Inc. NJ$17.1M · 0.08%
The Artcraft Group, Inc. NJ$17.1M · 0.40%
Revhealth NJ$17.1M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 203361916 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.