Plan Ledger DOL Form 5500 · updated monthly

Elwyn New Jersey403(b)

ELWYN NEW JERSEY 403(B) PLAN · ELWYN, PA · plan year 2023

Reported admin expense ratio · 2023
1.78%

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

Elwyn New Jersey reported $40,306 in plan administrative expenses for 2023: 1.78% of average plan assets, higher than ~90% of peers. Employer contributions averaged $844 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 has held roughly steady near 1.78%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other public administration employers. By assets it is among the smaller plans on file in Pennsylvania (3,272nd of 3,651), and 80th of 90 in public administration. In 2023, the employer put in $2.38 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$2,429,040
Participants with balances314
Active participants413
Employer contributions$348,439
Employee contributions$146,699
Employer contribution per active participant$844
Average account balance$7,736
Benefits paid to participants$503,067
Plan auditUnmodified (clean) audit opinion
AuditorBDO USA PC
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $430 emplr
2023$2.4M · 314 accts · $348K emplr
2022$2.1M · 349 accts · $375K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$28,273
Investment management$12,033
Total administrative$40,306
Employer contributions to the Elwyn New Jersey plan · 2023
Employer contribution per active participant$844
Median for plans this size$1,308
2023$844 per active participant
2022$869 per active participant

Elwyn New Jersey's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
BENEFIT PLAN ADMIN SERVICE LLC · Contract administrator · Pension consulting$30,932
KATHMERE CAPITAL MANAGERMENT LLC · Investment advisory (participants) · Investment advisory (plan)$9,374

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

Administrative cost history3
2024Not separately reported
2023$40,306 · 1.78%
2022$41,430 · 1.86%
Similar plansPublic Administration · Pennsylvania
Trehab PA$4.1M · 1.00%
T3 Solutions GA$2.6M · 0.74%
Pueblo of Tesuque NM$2.5M · 0.89%
Gems Americas, Inc. IL$2.3M · 1.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 221801227 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.