Plan Ledger DOL Form 5500 · updated monthly

Educationdynamics401(k)

EDUCATIONDYNAMICS 401(K) PROFIT SHARING PLAN · HOBOKEN, NJ · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Educationdynamics reported $91,914 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $209 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 0.41% to 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 846th-largest of 2,419 plans among New Jersey employers on file, and the 1,311th of 3,091 in educational services. In 2024, employees put in $21.60 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$29,070,610
Participants with balances554
Active participants325
Employer contributions$67,829
Employee contributions$1,465,162
Employer contribution per active participant$209
Average account balance$52,474
Benefits paid to participants$3,347,794
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$29.1M · 554 accts · $68K emplr
2023$27.1M · 554 accts · $946K emplr
2022$21.4M · 618 accts · $934K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$51,561
Investment management$40,353
Total administrative$91,914
The Educationdynamics 401(k) match · 2024
Employer contribution per active participant$209
Median for plans this size$2,416
2024$209 per active participant
2023$3,441 per active participant
2022$2,602 per active participant

Educationdynamics's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$51,561
HAUSER RETIREMENT SOLUTIONS 2 LLC · Investment advisory (plan)$40,353

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

Administrative cost history3
2024$91,914 · 0.33%
2023$90,226 · 0.37%
2022$93,005 · 0.41%
Same employer
Similar plansEducational Services · New Jersey
Terranova Group, Inc NJ$31.7M · 0.23%
Saint Elizabeth University NJ$28.6M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 352534005 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.