Plan Ledger DOL Form 5500 · updated monthly

General Plumbing Supply, Inc.401(k)

GENERAL PLUMBING SUPPLY, INC. RETIREMENT AND 401(K) PLAN · EDISON, NJ · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

General Plumbing Supply, Inc. reported $117,480 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $2,701 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 3 years on file its reported administrative ratio has held roughly steady near 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 703rd-largest of 2,419 plans among New Jersey employers on file, and the 1,097th of 4,246 in wholesale trade. In 2024, employees put in $1.84 for every $1.00 the employer contributed; active participation has grown from 355 to 444 since 2022.

Plan summary
Net assets, end of year$37,489,312
Participants with balances45
Active participants444
Employer contributions$1,199,181
Employee contributions$2,201,293
Employer contribution per active participant$2,701
Average account balance$833,096
Benefits paid to participants$1,933,822
Plan auditUnmodified (clean) audit opinion
AuditorEFPR GROUP, CPA'S, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$37.5M · 45 accts · $1.2M emplr
2023$33.0M · 416 accts · $1.0M emplr
2022$28.9M · 373 accts · $945K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$104,025
Investment management$13,455
Total administrative$117,480
The General Plumbing Supply, Inc. 401(k) match · 2024
Employer contribution per active participant$2,701
Median for plans this size$2,416
2024$2,701 per active participant
2023$2,527 per active participant
2022$2,661 per active participant

General Plumbing Supply, Inc.'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
JOHN HANCOCK · Recordkeeping · Loan processing$117,480
NORTHSTAR FIDUCIARY PARTNERS, LLC · Investment advisory (plan)$13,455

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

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Administrative cost history3
2024$117,480 · 0.33%
2023$102,622 · 0.33%
2022$93,970 · 0.32%
Same employer
Similar plansWholesale Trade · New Jersey
Pim Brands, Inc. NJ$39.2M · 0.24%
Kramer Beverage Co., LLC NJ$39.0M · 0.14%
The Opici Group, L.L.C. NJ$36.5M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 221442391 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.