Plan Ledger DOL Form 5500 · updated monthly

Imperial Bag & Paper Co., LLC401(k)

IMPERIAL BAG & PAPER CO., LLC EMPLOYEE BENEFIT PLAN · JERSEY CITY, NJ · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Imperial Bag & Paper Co., LLC reported $489,624 in plan administrative expenses for 2024: 0.14% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,711 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 0.13% to 0.14%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other wholesale trade employers. By assets it is the 153rd-largest of 2,419 plans among New Jersey employers on file, and the 130th of 4,246 in wholesale trade. In 2024, employees put in $3.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$367,567,688
Participants with balances7,087
Active participants5,854
Employer contributions$10,017,776
Employee contributions$33,532,460
Employer contribution per active participant$1,711
Average account balance$51,865
Benefits paid to participants$39,584,468
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$367.6M · 7,087 accts · $10.0M emplr
2023$316.8M · 6,839 accts · $8.8M emplr
2022$248.5M · 6,133 accts · $5.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$330,634
Investment management$93,990
Audit (IQPA)$65,000
Total administrative$489,624
The Imperial Bag & Paper Co., LLC 401(k) match · 2024
Employer contribution per active participant$1,711
Median for plans this size$4,294
2024$1,711 per active participant
2023$1,534 per active participant
2022$999 per active participant

Imperial Bag & Paper Co., LLC's 2024 employer contribution ran below the $4,294 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$330,634
AMERITAS ADVISORY SERVICES LLC · Investment advisory (plan)$93,991
FORVIS MAZARS, LLP · Accounting / audit$65,000

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$489,624 · 0.14%
2023$397,114 · 0.14%
2022$293,444 · 0.13%
Same employer
Similar plansWholesale Trade · New Jersey
Ralph Lauren Corporation NJ$826.6M · 0.07%
Subaru of America , Inc. NJ$525.8M · 0.00%
Wakefern Food Corp. NJ$478.5M · 0.08%
Iconectiv, LLC NJ$239.2M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 205963953 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.