Plan Ledger DOL Form 5500 · updated monthly

Component Hardware Group, Inc.401(k)

COMPONENT HARDWARE GROUP, INC. 401(K) PROFIT SHARING PLAN · MATAWAN, NJ · plan year 2023

Reported admin expense ratio · 2023
0.23%

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

Component Hardware Group, Inc. reported $22,017 in plan administrative expenses for 2023: 0.23% of average plan assets, below the peer median. Employer contributions averaged $1,830 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 0.29% to 0.23%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in New Jersey (1,511th of 2,419), and 8,790th of 13,661 in manufacturing. In 2023, employees put in $2.93 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,965,642
Participants with balances94
Active participants69
Employer contributions$126,253
Employee contributions$369,807
Employer contribution per active participant$1,830
Average account balance$106,017
Benefits paid to participants$1,824,055
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$10.0M · 94 accts · $126K emplr
2022$9.4M · 94 accts · $123K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$22,017
Total administrative$22,017
The Component Hardware Group, Inc. 401(k) match · 2023
Employer contribution per active participant$1,830
Median for plans this size$1,308
2023$1,830 per active participant
2022$1,785 per active participant

Component Hardware Group, Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$21,971
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)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 history2
2023$22,017 · 0.23%
2022$31,640 · 0.29%
Similar plansManufacturing · New Jersey
Ggb, LLC NJ$10.1M · 0.10%
Upfield Sourcing US, Inc. NJ$10.0M · 0.71%
Soda Stream USA NJ$10.0M · 0.42%
Longchamp USA NJ$10.0M · 0.48%
Al & John, Inc. NJ$9.9M · 0.08%
Reed-Lane, Inc. NJ$9.9M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061569176 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.