Plan Ledger DOL Form 5500 · updated monthly

H. Betti Industries Inc.401(k)

H. BETTI INDUSTRIES 401K SAVINGS PLAN · CARLSTADT, NJ · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

H. Betti Industries Inc. reported $13,575 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,495 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 0.05% to 0.03%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 590th-largest of 2,419 plans among New Jersey employers on file, and the 672nd of 5,215 in retail trade. In 2024, employees put in $1.89 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$47,769,085
Participants with balances384
Active participants318
Employer contributions$1,111,487
Employee contributions$2,096,720
Employer contribution per active participant$3,495
Average account balance$124,399
Benefits paid to participants$4,341,597
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$47.8M · 384 accts · $1.1M emplr
2023$43.0M · 413 accts · $1.1M emplr
2022$36.8M · 482 accts · $952K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,475
Total administrative$13,575
The H. Betti Industries Inc. 401(k) match · 2024
Employer contribution per active participant$3,495
Median for plans this size$2,416
2024$3,495 per active participant
2023$3,007 per active participant
2022$2,976 per active participant

H. Betti Industries 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
GLOBAL RETIREMENT PARTNERS LLCindirect comp

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$13,575 · 0.03%
2023$20,209 · 0.05%
2022$20,316 · 0.05%
Same employer
Similar plansRetail Trade · New Jersey
Kuiken Brothers Co. Inc NJ$57.8M · 0.07%
Hudson Grouphg, Inc. NJ$53.5M · 0.78%
Cipla USA NJ$44.6M · 0.13%
Paul Miller, Inc. NJ$44.4M · 0.44%
Dialamerica Marketing, Inc. NJ$42.7M · 0.11%
Zallie Supermarkets Inc NJ$39.8M · 0.04%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 221522807 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.