Plan Ledger DOL Form 5500 · updated monthly

Corcentric, Inc.401(k)

CORCENTRIC, INC. 401(K) PLAN · CHERRY HILL, NJ · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Corcentric, Inc. reported $75,100 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $1,421 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 fell from 0.21% to 0.20%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 644th-largest of 2,419 plans among New Jersey employers on file, and the 428th of 2,677 in transportation & warehousing. In 2024, employees put in $5.70 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$41,761,291
Participants with balances642
Active participants491
Employer contributions$697,665
Employee contributions$3,975,664
Employer contribution per active participant$1,421
Average account balance$65,049
Benefits paid to participants$2,786,364
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$41.8M · 642 accts · $698K emplr
2023$33.0M · 619 accts · $654K emplr
2022$25.4M · 574 accts · $234K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,850
Investment management$60,250
Total administrative$75,100
The Corcentric, Inc. 401(k) match · 2024
Employer contribution per active participant$1,421
Median for plans this size$2,416
2024$1,421 per active participant
2023$1,305 per active participant
2022$482 per active participant

Corcentric, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
JOHN HANCOCK LIFE INSURANCE (USA) · Recordkeeping$1,042
FORVIS WEALTH ADVISORS, LLC · Investment advisory (participants)$60,250

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
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$75,100 · 0.20%
2023$72,662 · 0.25%
2022$57,823 · 0.21%
Same employer
Similar plansTransportation & Warehousing · New Jersey
Academy Bus, LLC NJ$48.5M · 0.20%
Board of Trustees NJ$44.5M · 0.25%
Western Carriers, Inc. NJ$41.7M · 0.44%
Rpm Group, Inc. NJ$39.3M · 204.98%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223534008 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.