Plan Ledger DOL Form 5500 · updated monthly

Global Association of Risk Profe401(k)

GLOBAL ASSOCIATION OF RISK PROFESSIONALS INC. 401(K) PLAN · JERSEY CITY, NJ · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Global Association of Risk Profe reported $2,076 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $7,311 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 fell from 0.02% to 0.01%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 1,094th-largest of 2,419 plans among New Jersey employers on file, and 1,614th of 3,091 in educational services. In 2024, employees put in $1.99 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,393,005
Participants with balances118
Active participants79
Employer contributions$577,590
Employee contributions$1,149,561
Employer contribution per active participant$7,311
Average account balance$164,348
Benefits paid to participants$1,026,785
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.4M · 118 accts · $578K emplr
2023$16.0M · 119 accts · $534K emplr
2022$12.4M · 117 accts · $511K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,076
Total administrative$2,076
The Global Association of Risk Profe 401(k) match · 2024
Employer contribution per active participant$7,311
Median for plans this size$2,416
2024$7,311 per active participant
2023$6,512 per active participant
2022$6,013 per active participant

Global Association of Risk Profe's 2024 employer contribution ran above the $2,416 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 · 20243
ADP, INC. · Loan processing · Recordkeeping$2,075
ADP BROKER-DEALER · Other servicesindirect comp
AMERIPRISE FINANCIAL SERVICES, INC · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$2,076 · 0.01%
2023$1,415 · 0.01%
2022$2,064 · 0.02%
Similar plansEducational Services · New Jersey
Yeshiva of North Jersey NJ$21.3M · 0.20%
The Elisabeth Morrow School NJ$21.0M · 0.37%
P.G. Chambers School, Inc. NJ$20.5M · 0.24%
SPECTRUM360 NJ$18.3M · 0.27%
The Phoenix Center, Inc. NJ$17.2M · 0.15%
Golda Och Academy NJ$17.0M · 0.27%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 020571577 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.