Plan Ledger DOL Form 5500 · updated monthly

French & Parrello Associates, P.A.401(k)

FRENCH & PARRELLO ASSOCIATES, P.A. 401(K) SAVINGS PLAN · WALL, NJ · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

French & Parrello Associates, P.A. reported $120,812 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $2,969 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 0.33% to 0.43%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 803rd-largest of 2,419 plans among New Jersey employers on file, and the 4,008th of 11,654 in professional & technical services. In 2024, employees put in $3.01 for every $1.00 the employer contributed; active participation has grown from 161 to 230 since 2022.

Plan summary
Net assets, end of year$31,491,883
Participants with balances257
Active participants230
Employer contributions$682,826
Employee contributions$2,058,615
Employer contribution per active participant$2,969
Average account balance$122,537
Benefits paid to participants$1,530,256
Plan auditUnmodified (clean) audit opinion
AuditorWISS & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$31.5M · 257 accts · $683K emplr
2023$24.9M · 228 accts · $472K emplr
2022$18.6M · 186 accts · $412K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,248
Investment management$107,564
Total administrative$120,812
The French & Parrello Associates, P.A. 401(k) match · 2024
Employer contribution per active participant$2,969
Median for plans this size$2,416
2024$2,969 per active participant
2023$2,433 per active participant
2022$2,558 per active participant

French & Parrello Associates, P.A.'s 2024 employer contribution ran above the $2,416 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 · 20242
NEWPORT CAPITAL GROUP · Investment advisory (plan)$107,564
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$13,248

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$120,812 · 0.43%
2023$65,904 · 0.30%
2022$64,677 · 0.33%
Same employer
Similar plansProfessional & Technical Services · New Jersey
Xtivia, Inc. NJ$32.5M · 0.21%
Advanced Digital Data, Inc. NJ$32.2M · 0.13%
Galaxy Systems, Inc. NJ$31.6M · 0.49%
Olympus Holdings, LLC NJ$31.6M · 0.05%
The Mercadien Group, LLC NJ$31.5M · 0.07%
Thomas Lanzetta NJ$30.6M · 0.37%
Integris, LLC NJ$30.4M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 132800489 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.