Plan Ledger DOL Form 5500 · updated monthly

Faps, Inc.401(k)

FAPS, INC. UNION 401(K) PLAN · NEWARK, NJ · plan year 2022

Reported admin expense ratio · 2022
0.99%

Faps, Inc. reported $34,898 in plan administrative expenses for 2022: 0.99% of average plan assets, higher than ~75% 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in New Jersey (2,016th of 2,419), and 2,585th of 3,341 in other services.

Plan summary
Net assets, end of year$3,401,540
Participants with balances61
Active participants154
Employer contributions—
Employee contributions$167,987
Employer contribution per active participant—
Average account balance$55,763
Benefits paid to participants$80,998
Plan auditUnmodified (clean) audit opinion
AuditorCOHN REZNICK
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$34,898 · 0.99%
Similar plansOther Services · New Jersey
Tr Spa Inc NJ$2.7M · 1.57%
Ennoble Care LLC NJ$2.6M · 1.20%
Local 143 Annuity Fund NJ$2.0M · 2.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223146921 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.