Plan Ledger DOL Form 5500 · updated monthly

Hennion & Walsh Inc401(k)

HENNION & WALSH INC 401(K) PROFIT SHARING PLAN & TRUST · PARSIPPANY, NJ · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Hennion & Walsh Inc reported $45,003 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $1,639 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 0.135% to 0.126%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 691st-largest of 2,419 plans among New Jersey employers on file, and the 2,018th of 4,798 in finance & insurance. In 2024, employees put in $7.29 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$38,576,498
Participants with balances137
Active participants126
Employer contributions$206,483
Employee contributions$1,504,788
Employer contribution per active participant$1,639
Average account balance$281,580
Benefits paid to participants$942,832
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$38.6M · 137 accts · $206K emplr
2023$32.6M · 133 accts · $202K emplr
2022$26.9M · 130 accts · $193K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,542
Investment management$31,461
Total administrative$45,003
The Hennion & Walsh Inc 401(k) match · 2024
Employer contribution per active participant$1,639
Median for plans this size$2,416
2024$1,639 per active participant
2023$1,654 per active participant
2022$1,633 per active participant

Hennion & Walsh Inc's 2024 employer contribution ran below 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
THE VANGUARD GROUP, INC. · Recordkeeping · Loan processing$13,542
PENSIONMARK FINANCIAL GROUP LLC · Investment advisory (plan)$31,461

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$45,003 · 0.13%
2023$39,916 · 0.13%
2022$38,475 · 0.13%
Same employer
Similar plansFinance & Insurance · New Jersey
Spencer Savings Bank Sla NJ$48.4M · 0.40%
Ridgewood Energy Corp NJ$47.5M · 0.22%
Northfield Bank NJ$44.3M · 0.18%
Manasquan Bank NJ$38.3M · 0.25%
Sturdy Savings Bank NJ$36.7M · 0.18%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 223005841 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.