Plan Ledger DOL Form 5500 · updated monthly

Collaborative Support Programs of New Jersey, Inc.401(k)

COLLABORATIVE SUPPORT PROGRAMS 401(K) PROFIT SHARING PLAN & TRUST · FREEHOLD, NJ · plan year 2024

Reported admin expense ratio · 2024
1.30%

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

Collaborative Support Programs of New Jersey, Inc. reported $59,288 in plan administrative expenses for 2024: 1.30% of average plan assets, higher than ~90% of peers. Employer contributions averaged $583 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 rose from 1.07% to 1.30%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New Jersey (1,912th of 2,419), and 8,142nd of 11,911 in health care & social assistance. In 2024, employees put in $1.55 for every $1.00 the employer contributed; active participation has grown from 275 to 343 since 2022.

Plan summary
Net assets, end of year$4,614,652
Participants with balances182
Active participants343
Employer contributions$200,000
Employee contributions$309,302
Employer contribution per active participant$583
Average account balance$25,355
Benefits paid to participants$806,820
Plan auditUnmodified (clean) audit opinion
AuditorJUMP, PERRY AND COMPANY, L.L.P.
Plan history3
Yearassets · accounts · employer contribution
2024$4.6M · 182 accts · $200K emplr
2023$4.5M · 158 accts · $200K emplr
2022$4.6M · 165 accts · $200K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,706
Investment management$24,582
Total administrative$59,288
The Collaborative Support Programs of New Jersey, Inc. 401(k) match · 2024
Employer contribution per active participant$583
Median for plans this size$1,313
2024$583 per active participant
2023$662 per active participant
2022$727 per active participant

Collaborative Support Programs of New Jersey, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20245
MERIDIAN WEALTH PARTNERS, LLC · Investment advisory (plan)$22,025
PENSION PLAN CONSULTANTS LLC · Contract administrator$10,053
JUMP, PERRY AND COMPANY LLP · Accounting / audit$9,000
EMPOWER ADVISORY GROUP LLC · Investment management$2,557

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$59,288 · 1.30%
2023$33,803 · 0.75%
2022$54,363 · 1.07%
Same employer
Similar plansHealth Care & Social Assistance · New Jersey
Job Haines Home NJ$4.7M · 0.23%
Cedar Health Group LLC NJ$4.6M · 0.84%
Community Hope, Inc. NJ$4.5M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222589018 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.