Plan Ledger DOL Form 5500 · updated monthly

Fabuwood Cabinetry Corp.401(k)

FABUWOOD CABINETRY CORP 401(K) PROFIT SHARING PLAN · NEWARK, NJ · plan year 2024

Reported admin expense ratio · 2024
0.70%

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

Fabuwood Cabinetry Corp. reported $61,910 in plan administrative expenses for 2024: 0.70% of average plan assets, above the peer median. Employer contributions averaged $916 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 3 years on file its reported administrative ratio has held roughly steady near 0.70%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in New Jersey (1,525th of 2,419), and 8,865th of 13,661 in manufacturing. In 2024, employees put in $1.31 for every $1.00 the employer contributed; active participation has grown from 506 to 889 since 2022.

Plan summary
Net assets, end of year$9,839,776
Participants with balances208
Active participants889
Employer contributions$814,098
Employee contributions$1,069,119
Employer contribution per active participant$916
Average account balance$47,307
Benefits paid to participants$1,069,826
Plan auditUnmodified (clean) audit opinion
AuditorROTH & CO
Plan history3
Yearassets · accounts · employer contribution
2024$9.8M · 208 accts · $814K emplr
2023$7.8M · 177 accts · $649K emplr
2022$5.4M · 162 accts · $541K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,705
Investment management$52,205
Total administrative$61,910
The Fabuwood Cabinetry Corp. 401(k) match · 2024
Employer contribution per active participant$916
Median for plans this size$1,313
2024$916 per active participant
2023$874 per active participant
2022$1,068 per active participant

Fabuwood Cabinetry Corp.'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 · 20243
ADP, INC. · Loan processing · Recordkeeping$37,442
GLOBAL RETIREMENT PARTNERS · Recordkeeping · Trustee$24,467
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, GLOBAL RETIREMENT PARTNERS
2023ADP, GLOBAL RETIREMENT PARTNERS

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Administrative cost history3
2024$61,910 · 0.70%
2023$53,243 · 0.80%
2022$38,669 · 0.71%
Same employer
Similar plansManufacturing · New Jersey
Al & John, Inc. NJ$9.9M · 0.08%
Reed-Lane, Inc. NJ$9.9M · 0.36%
R & D Altanova NJ$9.8M · 0.07%
Beacon Converters, Inc. NJ$9.7M · 0.53%
Takara Belmont USA, Inc. NJ$9.7M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263425323 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.