Plan Ledger DOL Form 5500 · updated monthly

High Grade Beverage401(k)

HIGH GRADE BEVERAGE 401(K) PLAN · NORTH BRUNSWICK, NJ · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

High Grade Beverage reported $18,323 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,020 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 0.086%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,000th-largest of 2,419 plans among New Jersey employers on file, and the 1,700th of 4,246 in wholesale trade. In 2024, employees put in $1.27 for every $1.00 the employer contributed; active participation has grown from 215 to 340 since 2022.

Plan summary
Net assets, end of year$22,725,000
Participants with balances291
Active participants340
Employer contributions$686,642
Employee contributions$874,629
Employer contribution per active participant$2,020
Average account balance$78,093
Benefits paid to participants$1,472,090
Plan auditUnmodified (clean) audit opinion
AuditorWITHUM SMITH AND BROWN
Plan history3
Yearassets · accounts · employer contribution
2024$22.7M · 291 accts · $687K emplr
2023$19.8M · 252 accts · $609K emplr
2022$17.6M · 237 accts · $613K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,819
Investment management$11,504
Total administrative$18,323
The High Grade Beverage 401(k) match · 2024
Employer contribution per active participant$2,020
Median for plans this size$2,416
2024$2,020 per active participant
2023$2,732 per active participant
2022$2,850 per active participant

High Grade Beverage'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
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$11,504
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$6,819

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$18,323 · 0.09%
2023$18,366 · 0.10%
2022$16,703 · 0.09%
Same employer
Similar plansWholesale Trade · New Jersey
Ferrari North America, Inc. NJ$25.8M · 0.09%
Arett Sales Corporation NJ$25.0M · 0.13%
Sunshine Bouquet Company NJ$23.7M · 0.25%
Paige Electric Co., L.P. NJ$22.7M · 0.25%
Wallpaper Imports Inc. NJ$22.2M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 220989250 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.