Plan Ledger DOL Form 5500 · updated monthly

Jetclosing, Inc.401(k)

JETCLOSING 401(K) PLAN · BRIDGEWATER, NJ · plan year 2022

Reported admin expense ratio · 2022
0.82%

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

Jetclosing, Inc. reported $16,707 in plan administrative expenses for 2022: 0.82% of average plan assets, higher than ~75% of peers. Employer contributions averaged $91,456 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 0.82% to 0.98%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in New Jersey (2,157th of 2,419), and 1,870th of 2,096 in real estate & leasing. In 2022, employees put in $2.24 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,896,852
Participants with balances166
Active participants1
Employer contributions$91,456
Employee contributions$204,693
Employer contribution per active participant$91,456
Average account balance$11,427
Benefits paid to participants$64,361
Plan auditQualified audit opinion
AuditorMOSS ADAMS
Plan history3
Yearassets · accounts · employer contribution
2024$1.2M · 104 accts
2023$1.7M · 142 accts
2022$1.9M · 166 accts · $91K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$4,545
Investment management$12,162
Total administrative$16,707
The Jetclosing, Inc. 401(k) match · 2022
Employer contribution per active participant$91,456
Median for plans this size$1,114

Jetclosing, Inc.'s 2022 employer contribution ran above the $1,114 median for plans its size, placing it in the top 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024Ascensus
2023Ascensus

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Administrative cost history3
2024$14,058 · 0.98%
2023$16,015 · 0.90%
2022$16,707 · 0.82%
Similar plansReal Estate & Leasing · New Jersey
Treetop Development LLC NJ$4.0M · 0.77%
Kaplan Companies NJ$3.0M · 0.06%
I Builders LLC NJ$501K · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 812569365 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.