Plan Ledger DOL Form 5500 · updated monthly

Durand, Inc.401(k)

DURAND, INC 401(K) PROFIT SHARING PLAN · MOUNT LAUREL, 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

Durand, Inc. reported $3,590 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $680 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 0.05% to 0.08%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in New Jersey (1,909th of 2,419), and 2,550th of 3,091 in educational services. In 2024, employees put in $3.32 for every $1.00 the employer contributed; active participation has grown from 138 to 173 since 2022.

Plan summary
Net assets, end of year$4,643,178
Participants with balances133
Active participants173
Employer contributions$117,629
Employee contributions$390,209
Employer contribution per active participant$680
Average account balance$34,911
Benefits paid to participants$332,644
Plan auditUnmodified (clean) audit opinion
AuditorCULLARI CARRICO LLC
Plan history3
Yearassets · accounts · employer contribution
2024$4.6M · 133 accts · $118K emplr
2023$4.0M · 125 accts · $96K emplr
2022$3.1M · 111 accts · $82K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,590
Total administrative$3,590
The Durand, Inc. 401(k) match · 2024
Employer contribution per active participant$680
Median for plans this size$1,313
2024$680 per active participant
2023$590 per active participant
2022$595 per active participant

Durand, Inc.'s 2024 employer contribution ran below the $1,313 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 COMPANY · Recordkeeping · Investment management$490
WILSHIRE ASSOCIATES INC. · Investment advisory (participants)$862

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$3,590 · 0.08%
2023$2,477 · 0.07%
2022$1,998 · 0.05%
Same employer
Similar plansEducational Services · New Jersey
Doane Academy NJ$5.1M · 0.06%
The Calais School NJ$3.5M · 0.71%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222460736 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.