Plan Ledger DOL Form 5500 · updated monthly

Hudson Grouphg, Inc.401(k)

HUDSON GROUP, INC. 401(K) PLAN · EAST RUTHERFORD, NJ · plan year 2023

Reported admin expense ratio · 2023
0.78%

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

Hudson Grouphg, Inc. reported $368,628 in plan administrative expenses for 2023: 0.78% of average plan assets, higher than ~90% of peers. Employer contributions averaged $820 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 1 year on file its reported administrative ratio rose from 0.71% to 0.78%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other retail trade employers. By assets it is the 550th-largest of 2,419 plans among New Jersey employers on file, and the 624th of 5,215 in retail trade. In 2023, employees put in $2.98 for every $1.00 the employer contributed; active participation has grown from 2,326 to 3,279 since 2022.

Plan summary
Net assets, end of year$53,459,733
Participants with balances3,615
Active participants3,279
Employer contributions$2,688,133
Employee contributions$8,010,403
Employer contribution per active participant$820
Average account balance$14,788
Benefits paid to participants$4,565,794
Plan auditUnmodified (clean) audit opinion
AuditorMARCUM LLP
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $3.3M emplr
2023$53.5M · 3,615 accts · $2.7M emplr
2022$40.5M · 3,055 accts · $1.0M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$276,360
Investment management$92,268
Total administrative$368,628
The Hudson Grouphg, Inc. 401(k) match · 2023
Employer contribution per active participant$820
Median for plans this size$2,440
2023$820 per active participant
2022$432 per active participant

Hudson Grouphg, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
ADP, INC. · Loan processing · Recordkeeping$276,360
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$92,267
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

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

Administrative cost history3
2024Not separately reported
2023$368,628 · 0.78%
2022$298,946 · 0.71%
Same employer
Similar plansRetail Trade · New Jersey
Ryan Automotive, LLC NJ$61.4M · 0.09%
Quick Chek Corporation NJ$61.0M · 0.21%
Ronetco Supermarkets, Inc. NJ$60.4M · 0.04%
Kuiken Brothers Co. Inc NJ$57.8M · 0.07%
H. Betti Industries Inc. NJ$47.8M · 0.03%
Cipla USA NJ$44.6M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 261776066 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.