Plan Ledger DOL Form 5500 · updated monthly

Gurney Payroll Company LLC401(k)

GURNEY PAYROLL CO. LLC 401(K) PLAN · JERSEY CITY, NJ · plan year 2022

Reported admin expense ratio · 2022
1.12%

Gurney Payroll Company LLC reported $29,588 in plan administrative expenses for 2022: 1.12% of average plan assets, higher than ~90% of peers. 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in New Jersey (2,126th of 2,419), and 4,614th of 5,215 in retail trade. In 2022, employees put in $36.54 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,186,026
Participants with balances71
Active participants0
Employer contributions$4,749
Employee contributions$173,541
Employer contribution per active participant—
Average account balance$30,789
Benefits paid to participants$440,011
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2022
Professional / advisory$29,588
Total administrative$29,588
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$29,588 · 1.12%
Similar plansRetail Trade · New Jersey
Rk Chevrolet, Inc. NJ$2.5M · 0.17%
Action Supply, Inc. NJ$2.4M · 1.02%
North East Parts Group NJ$2.0M · 1.37%
Charles S. Winner, Inc. NJ$1.8M · 0.89%

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Source: U.S. Department of Labor, Form 5500 series, EIN 271376750 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.