Plan Ledger DOL Form 5500 · updated monthly

Fedway Associates, Inc.401(k)

FEDWAY ASSOCIATES, INC. 401(K) EMPLOYEE SAVINGS PLAN · BASKING RIDGE, NJ · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Fedway Associates, Inc. reported $116,845 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $3,116 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 rose from 0.06% to 0.07%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 233rd-largest of 2,419 plans among New Jersey employers on file, and the 257th of 4,246 in wholesale trade. In 2024, employees put in $3.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$188,534,816
Participants with balances805
Active participants797
Employer contributions$2,483,579
Employee contributions$7,611,288
Employer contribution per active participant$3,116
Average account balance$234,205
Benefits paid to participants$10,548,045
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$188.5M · 805 accts · $2.5M emplr
2023$167.0M · 801 accts · $2.5M emplr
2022$140.2M · 791 accts · $2.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,845
Investment management$95,000
Audit (IQPA)$18,000
Total administrative$116,845
The Fedway Associates, Inc. 401(k) match · 2024
Employer contribution per active participant$3,116
Median for plans this size$3,635
2024$3,116 per active participant
2023$3,145 per active participant
2022$2,958 per active participant

Fedway Associates, Inc.'s 2024 employer contribution ran below the $3,635 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
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$95,000
BAKER TILLY US LLP · Accounting / audit$18,000
JPMORGAN INVEST HOLDINGS LLC$3,845

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$116,845 · 0.07%
2023$114,902 · 0.07%
2022$83,960 · 0.06%
Same employer
Similar plansWholesale Trade · New Jersey
Iconectiv, LLC NJ$239.2M · 0.03%
Ferring Pharmaceutical Inc. NJ$232.8M · 0.02%
Saloncentric, Inc. NJ$167.4M · 0.06%
Groupe Seb NJ$137.3M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 220905070 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.