What are the fees in the Fitness & Wellness Professional 401(k) plan?

For plan year 2022, Fitness & Wellness Professional reported $17,700 in plan administrative expenses, or 0.55% of average plan assets — above the peer median. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Fitness & Wellness Professional 401(k)?

The average participant account balance was $15,447 for plan year 2022, based on 206 accounts.

Fitness & Wellness Professional401(k)

Name: Fitness & Wellness Professional 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

FITNESS & WELLNESS PROFESSIONAL SERVICES, LLC · PARLIN, NJ · plan year 2022

Reported admin expense ratio · 2022

0.55%

Fitness & Wellness Professional reported $17,700 in plan administrative expenses for 2022: 0.55% of average plan assets, above the peer median. 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 arts, entertainment & recreation employers. By assets it is among the smaller plans on file in New Jersey (2,037th of 2,419), and 1,053rd of 1,311 in arts, entertainment & recreation.

Plan summary
Net assets, end of year$3,182,114
Participants with balances206
Active participants566
Employer contributions—
Employee contributions$563,251
Employer contribution per active participant—
Average account balance$15,447
Benefits paid to participants$132,060
Plan auditUnmodified (clean) audit opinion
AuditorWITHUM SMITH & BROWN PC

What these fees cost you

Your balance

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$17,700 · 0.55%

Similar plansArts, Entertainment & Recreation · New Jersey
Princeton Fitness & Wellness Center, LLC NJ$4.9M · 0.56%
Canoe Brook Country Club NJ$4.8M · 0.50%
Snow Partners LLC NJ$3.6M · 0.91%
Metropolitan Golf Group, LLC NJ$3.4M · 0.48%
New Meadowlands Racetrack LLC NJ$2.1M · 0.72%
Bonita Marie International Inc NJ$2.0M · 0.71%
Upper Montclair Country Club NJ$1.4M · 0.59%
Count Basie Theatre NJ$1.2M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043673105 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.