Plan Ledger DOL Form 5500 · updated monthly

Hill Wallack LLP401(k)

HILL WALLACK RETIREMENT PLAN · PRINCETON, NJ · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Hill Wallack LLP reported $143,992 in plan administrative expenses for 2024: 0.61% of average plan assets, higher than ~75% of peers. Employer contributions averaged $0 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 rose from 0.53% to 0.61%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 956th-largest of 2,419 plans among New Jersey employers on file, and the 4,917th of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$23,893,022
Participants with balances193
Active participants166
Employer contributions$0
Employee contributions$1,281,337
Employer contribution per active participant$0
Average account balance$123,798
Benefits paid to participants$4,198,263
Plan auditUnmodified (clean) audit opinion
AuditorMERCADIEN, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$23.9M · 193 accts
2023$23.6M · 199 accts
2022$21.6M · 201 accts
Administrative expenses, itemized · 2024
Investment management$21,214
Total administrative$143,992
The Hill Wallack LLP 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$2,416

Hill Wallack LLP's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20243
NEWPORT CAPITAL GROUP LLC$122,778
EMPOWER ADVISORY GROUP, LLC · Investment management$21,214

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$143,992 · 0.61%
2023$127,159 · 0.56%
2022$123,854 · 0.53%
Same employer
Similar plansProfessional & Technical Services · New Jersey
Ndi Engineering Company NJ$24.7M · 0.09%
Carecloud, Inc. NJ$24.5M · 0.39%
Metrixlab US Inc NJ$24.1M · 0.14%
Hillmann Consulting, LLC NJ$23.9M · 0.62%
Canonical USA NJ$23.8M · 0.30%
Prime Pensions, Inc. NJ$23.8M · 0.23%
Chinook Therapeutics, Inc. NJ$23.8M · 0.05%
Labvantage Solutions, Inc NJ$23.8M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222118088 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.