Plan Ledger DOL Form 5500 · updated monthly

In Demand L.L.C.401(k)

IN DEMAND 401(K) SAVINGS PLAN · NEWARK, NJ · plan year 2023

Reported admin expense ratio · 2023
0.04%

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

In Demand L.L.C. reported $8,602 in plan administrative expenses for 2023: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,053 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 0.028% to 0.026%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other information & media employers. By assets it is the 885th-largest of 2,419 plans among New Jersey employers on file, and the 841st of 2,199 in information & media. In 2023, employees put in $3.74 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$27,023,548
Participants with balances157
Active participants94
Employer contributions$286,955
Employee contributions$1,073,058
Employer contribution per active participant$3,053
Average account balance$172,125
Benefits paid to participants$485,027
Plan auditUnmodified (clean) audit opinion
AuditorE & Y
Plan history3
Yearassets · accounts · employer contribution
2024$23.8M · 97 accts · $296K emplr
2023$27.0M · 157 accts · $287K emplr
2022$21.7M · 167 accts · $220K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$350
Investment management$8,252
Total administrative$8,602
The In Demand L.L.C. 401(k) match · 2023
Employer contribution per active participant$3,053
Median for plans this size$2,440
2024$3,253 per active participant
2023$3,053 per active participant
2022$2,240 per active participant

In Demand L.L.C.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$8,252
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$350

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$6,540 · 0.03%
2023$8,602 · 0.04%
2022$6,895 · 0.03%
Same employer
Similar plansInformation & Media · New Jersey
Orbcomm LLC NJ$42.0M · 0.28%
Acuative Corporation NJ$37.6M · 0.12%
Somos, Inc. NJ$35.1M · 0.15%
Ownbackup, Inc. NJ$21.5M · 0.60%
Visual Lease, LLC NJ$19.6M · 0.24%
Ferrilli NJ$16.3M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 134039337 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.