Plan Ledger DOL Form 5500 · updated monthly

Eteam Inc.401(k)

ETEAM INC. 401(K) PLAN · SOMERSET, NJ · plan year 2024

Reported admin expense ratio · 2024
1.37%

Eteam Inc. reported $189,192 in plan administrative expenses for 2024: 1.37% of average plan assets, higher than ~90% of peers. 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 0.50% to 1.37%. 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 (1,283rd of 2,419), and 6,748th of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$14,327,380
Participants with balances2,643
Active participants2,218
Employer contributions—
Employee contributions$4,350,619
Employer contribution per active participant—
Average account balance$5,421
Benefits paid to participants$4,796,362
Plan auditUnmodified (clean) audit opinion
AuditorKELLY PTNRS (FRS) ATTEST SVCS LLP
Plan history3
Yearassets · accounts · employer contribution
2024$14.3M · 2,643 accts
2023$13.3M · 5,103 accts
2022$9.4M · 4,375 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$177,600
Investment management$4,692
Total administrative$189,192
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
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$4,329
MORNINGSTAR · Investment advisory (plan)indirect comp

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$189,192 · 1.37%
2023$61,149 · 0.54%
2022$43,068 · 0.50%
Similar plansProfessional & Technical Services · New Jersey
Caregility Corporation NJ$14.5M · 0.02%
Exzac, Inc. NJ$14.5M · 0.09%
Northstar Vets NJ$14.4M · 0.49%
E.I. Associates Group, Inc. NJ$14.3M · 0.05%
Ncs Technologies, Inc. NJ$14.3M · 0.27%
Behaviorally NJ$13.9M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223651715 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.