Plan Ledger DOL Form 5500 · updated monthly

Foulke Management Corporation401(k)

FOULKE MANAGEMENT CORPORATION, INCORPORATED 401(K) PLAN · MT EPHRAIM, NJ · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Foulke Management Corporation reported $111,293 in plan administrative expenses for 2024: 0.53% of average plan assets, higher than ~75% of peers. Employer contributions averaged $851 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 0.16% to 0.53%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 1,033rd-largest of 2,419 plans among New Jersey employers on file, and the 1,376th of 5,215 in retail trade. In 2024, employees put in $6.35 for every $1.00 the employer contributed; active participation has shrunk from 475 to 360 since 2022.

Plan summary
Net assets, end of year$21,485,773
Participants with balances549
Active participants360
Employer contributions$306,504
Employee contributions$1,945,039
Employer contribution per active participant$851
Average account balance$39,136
Benefits paid to participants$4,218,167
Plan auditUnmodified (clean) audit opinion
AuditorBELFINT LYONS SHUMAN
Plan history3
Yearassets · accounts · employer contribution
2024$21.5M · 549 accts · $307K emplr
2023$20.8M · 594 accts · $341K emplr
2022$17.0M · 555 accts · $365K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,265
Investment management$43,784
Audit (IQPA)$20,244
Total administrative$111,293
The Foulke Management Corporation 401(k) match · 2024
Employer contribution per active participant$851
Median for plans this size$2,416
2024$851 per active participant
2023$723 per active participant
2022$768 per active participant

Foulke Management Corporation's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20245
UBS FINANCIAL SERVICES INC · Investment advisory (plan)$41,494
WITHUMSMITH+BROWN, PC · Accounting / audit$10,244
BELFINT, LYONS & SHUMAN, P.A. · Accounting / audit$10,000
EMPOWER ADVISORY GROUP, LLC · Investment management$2,290

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$111,293 · 0.53%
2023$74,644 · 0.40%
2022$29,415 · 0.16%
Same employer
Similar plansRetail Trade · New Jersey
H Mart Inc. NJ$22.7M · 0.78%
J.R. Group, Inc. NJ$21.8M · 0.01%
Builders General Supply NJ$21.6M · 0.31%
Brown's Super Stores, Inc. NJ$18.8M · 0.06%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 222787819 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.