Plan Ledger DOL Form 5500 · updated monthly

Frederick Goldman, Inc.401(k)

FREDERICK GOLDMAN INC. 401(K) EMPLOYEE SAVINGS PLAN · SECAUCUS, NJ · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Frederick Goldman, Inc. reported $7,669 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $828 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 0.050% to 0.054%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in New Jersey (1,262nd of 2,419), and 7,163rd of 13,661 in manufacturing. In 2024, employees put in $7.89 for every $1.00 the employer contributed; active participation has shrunk from 102 to 86 since 2022.

Plan summary
Net assets, end of year$14,748,661
Participants with balances109
Active participants86
Employer contributions$71,182
Employee contributions$561,793
Employer contribution per active participant$828
Average account balance$135,309
Benefits paid to participants$1,071,807
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$14.7M · 109 accts · $71K emplr
2023$13.5M · 100 accts · $58K emplr
2022$12.1M · 104 accts · $58K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,856
Investment management$1,813
Total administrative$7,669
The Frederick Goldman, Inc. 401(k) match · 2024
Employer contribution per active participant$828
Median for plans this size$2,416
2024$828 per active participant
2023$564 per active participant
2022$571 per active participant

Frederick Goldman, Inc.'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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$5,856

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$7,669 · 0.05%
2023$6,571 · 0.05%
2022$6,712 · 0.05%
Same employer
Similar plansManufacturing · New Jersey
Tahari LLC NJ$15.0M · 0.34%
Evs Metal NJ$15.0M · 0.44%
Elie Tahari, LTD NJ$14.8M · 0.49%
Coilhose Pneumatics NJ$14.3M · 0.05%
Turning Point Therapeutics NJ$14.3M · 0.47%
Martin Bauer, Inc. NJ$14.1M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 131973372 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.