Plan Ledger DOL Form 5500 · updated monthly

Hackensack Radiology Group, P.A.401(k)

HACKENSACK RADIOLOGY GROUP, P.A. SAVINGS & INVESTMENT PLAN · RIVER EDGE, NJ · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Hackensack Radiology Group, P.A. reported $9,862 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $13,516 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 0.017%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 510th-largest of 2,419 plans among New Jersey employers on file, and the 1,581st of 11,911 in health care & social assistance. In 2024, the employer put in $1.30 for every $1.00 employees contributed themselves; active participation has grown from 120 to 140 since 2022.

Plan summary
Net assets, end of year$61,212,515
Participants with balances191
Active participants140
Employer contributions$1,892,171
Employee contributions$1,454,795
Employer contribution per active participant$13,516
Average account balance$320,484
Benefits paid to participants$1,678,246
Plan auditUnmodified (clean) audit opinion
AuditorBOWMAN & COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$61.2M · 191 accts · $1.9M emplr
2023$52.4M · 185 accts · $1.8M emplr
2022$52.6M · 180 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,862
Total administrative$9,862
The Hackensack Radiology Group, P.A. 401(k) match · 2024
Employer contribution per active participant$13,516
Median for plans this size$3,635
2024$13,516 per active participant
2023$13,511 per active participant
2022$11,850 per active participant

Hackensack Radiology Group, P.A.'s 2024 employer contribution ran above the $3,635 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 · 20242
VANGUARD GROUP, INC. · Recordkeeping$9,537
VANGUARD GROUP, INC. · Loan processing$645

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$9,862 · 0.02%
2023$9,623 · 0.02%
2022$9,365 · 0.02%
Same employer
Similar plansHealth Care & Social Assistance · New Jersey
Vna Health Group, Inc. NJ$72.2M · 0.19%
Ivi America LLC NJ$68.9M · 0.31%
I.D. Care, LLC NJ$59.0M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 221968226 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.