Plan Ledger DOL Form 5500 · updated monthly

Fortitude Re401(k)

FORTITUDE RE 401(K) PLAN · JERSEY CITY, NJ · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Fortitude Re reported $70,691 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $15,426 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 0.01% to 0.07%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 339th-largest of 2,419 plans among New Jersey employers on file, and the 921st of 4,798 in finance & insurance. In 2024, the employer put in $1.09 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$111,957,150
Participants with balances678
Active participants486
Employer contributions$7,496,819
Employee contributions$6,872,619
Employer contribution per active participant$15,426
Average account balance$165,129
Benefits paid to participants$8,097,578
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$112.0M · 678 accts · $7.5M emplr
2023$89.9M · 653 accts · $6.9M emplr
2022$69.1M · 568 accts · $4.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$70,691
Total administrative$70,691
The Fortitude Re 401(k) match · 2024
Employer contribution per active participant$15,426
Median for plans this size$3,635
2024$15,426 per active participant
2023$11,303 per active participant
2022$9,199 per active participant

Fortitude Re's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. 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 · 20242
EMPOWER ADVISORY GROUP, LLC · Investment management$5,799

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$70,691 · 0.07%
2023$77,378 · 0.10%
2022$4,585 · 0.01%
Similar plansFinance & Insurance · New Jersey
Investors Bank NJ$126.9M
Peapack-Gladstone Bank NJ$122.4M · 0.20%
Oceanfirst Bank NJ$109.6M · 0.23%
Lakeland Bancorp, Inc. NJ$107.4M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 831064140 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.