Plan Ledger DOL Form 5500 · updated monthly

Cleanslate Group LLC401(k)

CLEANSLATE GROUP LLC RETIREMENT PLAN · SOUTH PLAINFIELD, NJ · plan year 2022

Reported admin expense ratio · 2022
0.72%

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

Cleanslate Group LLC reported $4,699 in plan administrative expenses for 2022: 0.72% of average plan assets, below the peer median. Employer contributions averaged $112 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in New Jersey (2,307th of 2,419), and 2,369th of 2,534 in administrative & support services. In 2022, employees put in $9.85 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$421,899
Participants with balances39
Active participants123
Employer contributions$13,836
Employee contributions$136,273
Employer contribution per active participant$112
Average account balance$10,818
Benefits paid to participants$500,539
Plan auditUnmodified (clean) audit opinion
AuditorKP LYNCH CPA PC
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$3,099
Total administrative$4,699
The Cleanslate Group LLC 401(k) match · 2022
Employer contribution per active participant$112
Median for plans this size$331

Cleanslate Group LLC's 2022 employer contribution ran below the $331 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$4,699 · 0.72%
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Source: U.S. Department of Labor, Form 5500 series, EIN 852064420 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.