Plan Ledger DOL Form 5500 · updated monthly

Connell Foley, LLP401(k)

CONNELL FOLEY, LLP EMPLOYEES 401(K) PROFIT SHARING PLAN · ROSELAND, NJ · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Connell Foley, LLP reported $105,140 in plan administrative expenses for 2024: 0.08% of average plan assets, below the peer median. Employer contributions averaged $9,187 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 $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 279th-largest of 2,419 plans among New Jersey employers on file, and the 1,070th of 11,654 in professional & technical services. In 2024, the employer put in $1.05 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$145,289,665
Participants with balances340
Active participants253
Employer contributions$2,324,258
Employee contributions$2,214,171
Employer contribution per active participant$9,187
Average account balance$427,323
Benefits paid to participants$4,594,986
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,789
Investment management$81,351
Audit (IQPA)$19,000
Total administrative$105,140
The Connell Foley, LLP 401(k) match · 2024
Employer contribution per active participant$9,187
Median for plans this size$3,635

Connell Foley, LLP's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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 · 20243
NEWPORT CAPITAL GROUP · Recordkeeping · Investment advisory (plan)$78,930
JOHN HANCOCK · Recordkeeping · Loan processing$7,210
PKF O'CONNOR DAVIES LLP · Accounting / audit$19,000

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

Recordkeeper by year2
2024John Hancock, NEWPORT CAPITAL GROUP
2023John Hancock, NEWPORT CAPITAL GROUP

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Administrative cost history1
2024$105,140 · 0.08%
All plans at this employer2
CONNELL FOLEY, LLP EMPLOYEES 401(K) PROFIT SHARING PLAN401(k)
CONNELL FOLEY, LLP EMPLOYEES 401(K) PROFIT SHARING PLAN401(k)
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 221500072 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.