What are the fees in the Innovative Educational Programs 401(k) plan?

For plan year 2022, Innovative Educational Programs reported $600 in plan administrative expenses, or 0.05% of average plan assets — lower than ~75% of peers. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Innovative Educational Programs 401(k)?

The average participant account balance was $30,173 for plan year 2022, based on 34 accounts.

Innovative Educational Programs401(k)

Name: Innovative Educational Programs 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

INNOVATIVE EDUCATIONAL PROGRAMS 401(K) PLAN · BASKING RIDGE, NJ · plan year 2022

Reported admin expense ratio · 2022

0.05%

Innovative Educational Programs reported $600 in plan administrative expenses for 2022: 0.05% of average plan assets, lower than ~75% of peers. 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in New Jersey (2,234th of 2,419), and 2,976th of 3,091 in educational services.

Plan summary
Net assets, end of year$1,025,889
Participants with balances34
Active participants116
Employer contributions—
Employee contributions$128,489
Employer contribution per active participant—
Average account balance$30,173
Benefits paid to participants$133,560
Plan auditUnmodified (clean) audit opinion
AuditorVERNOIA ENTERLINE & BREWER, CPA'S

Administrative expenses, itemized · 2022

Recordkeeping & contract admin$600

Total administrative$600

What these fees cost you

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$600 · 0.05%

Same employer

Innovative Educational Programs's health & benefits plan: carriers, premiums & broker pay

Similar plansEducational Services · New Jersey
Burn Brae Education, Inc. NJ$2.9M · 0.52%
First Children, LLC. NJ$2.7M · 0.60%
Golden Steps Aba Nj LLC NJ$2.1M · 2.02%
Montclair Child Development Center, Inc. NJ$1.0M · 0.09%
Autism Community Services NJ$221K · 1.11%
La Bergenfield Associates NJ$10K · 0.09%
Insight Workforce Solutions, LLC NJ$2K · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223515155 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.