DAY PITNEY PROFIT SHARING AND 401(K) PLAN · PARSIPPANY, NJ · plan year 2024
Reported admin expense ratio · 2024
0.08%
Peer grade: B+· admin costs + employer contributions vs same-size plans · how grading works
Day Pitney LLP reported $283,375 in plan administrative expenses for 2024: 0.08% of average plan assets, above the peer median. Employer contributions averaged $7,647 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 3 years on file its reported administrative ratio has held roughly steady near 0.079%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other professional & technical services employers. By assets it is the 150th-largest of 2,419 plans among New Jersey employers on file, and the 469th of 11,654 in professional & technical services. In 2024, employees put in $1.79 for every $1.00 the employer contributed; active participation has grown from 560 to 650 since 2022.
Plan summary
Net assets, end of year$375,555,177
Participants with balances1,040
Active participants650
Employer contributions$4,970,598
Employee contributions$8,900,235
Employer contribution per active participant$7,647
Employer contribution per active participant$7,647
Median for plans this size$4,294
2024$7,647 per active participant
2023$7,799 per active participant
2022$7,654 per active participant
Day Pitney LLP's 2024 employer contribution ran above the $4,294 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.
Source: U.S. Department of Labor, Form 5500 series, EIN 060317480 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.