Plan Ledger DOL Form 5500 · updated monthly

Johnson & Johnson, Inc.401(k)

JOHNSON & JOHNSON, INC. PROFIT SHARING PLAN · MT. PLEASANT, SC · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Johnson & Johnson, Inc. reported $124,634 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $3,175 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 0.30% to 0.25%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 98th-largest of 807 plans among South Carolina employers on file, and the 1,556th of 4,798 in finance & insurance. In 2024, employees put in $1.95 for every $1.00 the employer contributed; active participation has grown from 478 to 601 since 2022.

Plan summary
Net assets, end of year$54,993,570
Participants with balances604
Active participants601
Employer contributions$1,908,132
Employee contributions$3,716,883
Employer contribution per active participant$3,175
Average account balance$91,049
Benefits paid to participants$4,051,368
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$55.0M · 604 accts · $1.9M emplr
2023$43.0M · 554 accts · $1.5M emplr
2022$34.0M · 506 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$83,782
Investment management$40,852
Total administrative$124,634
The Johnson & Johnson, Inc. 401(k) match · 2024
Employer contribution per active participant$3,175
Median for plans this size$2,416
2024$3,175 per active participant
2023$2,975 per active participant
2022$2,938 per active participant

Johnson & Johnson, Inc.'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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$83,782
SYNOVUS TRUST COMPANY, NA · Investment advisory (participants) · Investment advisory (plan)$25,000
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$15,852

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$124,634 · 0.25%
2023$105,753 · 0.27%
2022$106,806 · 0.30%
Same employer
Similar plansFinance & Insurance · South Carolina
Illumifin Corporation SC$102.6M · 0.27%
Island Capital Group LLC SC$79.4M · 0.12%
The Conway National Bank SC$53.4M · 0.21%
Canal Insurance Company SC$51.1M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570189850 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.