Plan Ledger DOL Form 5500 · updated monthly

Hylan Datacom & Electrical, LLC401(k)

HYLAN DATACOM & ELECTRICAL, LLC 401(K) PLAN · HOLMDEL, NJ · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Hylan Datacom & Electrical, LLC reported $58,644 in plan administrative expenses for 2024: 0.54% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,866 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 1.19% to 0.54%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in New Jersey (1,428th of 2,419), and 2,873rd of 5,337 in construction. In 2024, employees put in $2.26 for every $1.00 the employer contributed; active participation has shrunk from 276 to 194 since 2022.

Plan summary
Net assets, end of year$11,629,560
Participants with balances268
Active participants194
Employer contributions$556,089
Employee contributions$1,254,313
Employer contribution per active participant$2,866
Average account balance$43,394
Benefits paid to participants$1,827,274
Plan auditUnmodified (clean) audit opinion
AuditorMSPC CERTIFIED PUBLIC ACCOUNTANT
Plan history3
Yearassets · accounts · employer contribution
2024$11.6M · 268 accts · $556K emplr
2023$10.0M · 391 accts · $524K emplr
2022$7.4M · 420 accts · $713K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,793
Investment management$21,851
Total administrative$58,644
The Hylan Datacom & Electrical, LLC 401(k) match · 2024
Employer contribution per active participant$2,866
Median for plans this size$2,416
2024$2,866 per active participant
2023$1,918 per active participant
2022$2,583 per active participant

Hylan Datacom & Electrical, LLC's 2024 employer contribution ran above 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
ADP, INC. · Loan processing · Recordkeeping$36,792
GLOBAL RETIREMENT PARTNERS · Recordkeeping · Trustee$21,850

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, GLOBAL RETIREMENT PARTNERS
2023ADP, GLOBAL RETIREMENT PARTNERS

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Administrative cost history3
2024$58,644 · 0.54%
2023$50,548 · 0.58%
2022$95,204 · 1.19%
Similar plansConstruction · New Jersey
Vollers, Inc. NJ$12.3M · 0.36%
Jottan, Inc. NJ$12.1M · 0.78%
Verrex LLC NJ$11.2M · 0.31%
Salomone Bros., Inc. NJ$10.4M · 0.02%
Edgewood Properties, Inc. NJ$10.0M · 0.78%
Tristrux LLC NJ$9.9M · 1.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 465012437 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.