Plan Ledger DOL Form 5500 · updated monthly

Edmunds Govtech, Inc401(k)

EDMUNDS GOVTECH, INC 401(K) PLAN · NORTHFIELD, NJ · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Edmunds Govtech, Inc reported $55,128 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $2,047 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 0.45% to 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New Jersey (1,225th of 2,419), and 6,459th of 11,654 in professional & technical services. In 2024, employees put in $3.35 for every $1.00 the employer contributed; active participation has grown from 162 to 197 since 2022.

Plan summary
Net assets, end of year$15,484,485
Participants with balances214
Active participants197
Employer contributions$403,293
Employee contributions$1,352,801
Employer contribution per active participant$2,047
Average account balance$72,357
Benefits paid to participants$386,869
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.5M · 214 accts · $403K emplr
2023$12.1M · 220 accts · $331K emplr
2022$9.1M · 211 accts · $272K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,140
Investment management$33,988
Total administrative$55,128
The Edmunds Govtech, Inc 401(k) match · 2024
Employer contribution per active participant$2,047
Median for plans this size$2,416
2024$2,047 per active participant
2023$1,985 per active participant
2022$1,681 per active participant

Edmunds Govtech, 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
ASCENSUS LLC · Loan processing · Recordkeeping$21,140
WELLS FARGO ADVISORS · Investment advisory (plan)$33,988

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$55,128 · 0.40%
2023$45,222 · 0.43%
2022$42,684 · 0.45%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 222403081 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.