Plan Ledger DOL Form 5500 · updated monthly

Kadiant, LLC401(k)

KADIANT'S LIVING YOUR ABSOLUTE BEST RETIREMENT LIFE 401(K) PLAN · LAKEWOOD, NJ · plan year 2024

Reported admin expense ratio · 2024
1.31%

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

Kadiant, LLC reported $117,166 in plan administrative expenses for 2024: 1.31% of average plan assets, higher than ~90% of peers. Employer contributions averaged $29 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 1.00% to 1.31%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New Jersey (1,515th of 2,419), and the 5,720th of 11,911 in health care & social assistance. In 2024, employees put in $23.72 for every $1.00 the employer contributed; active participation has grown from 589 to 2,008 since 2022.

Plan summary
Net assets, end of year$9,948,389
Participants with balances486
Active participants2,008
Employer contributions$58,753
Employee contributions$1,393,894
Employer contribution per active participant$29
Average account balance$20,470
Benefits paid to participants$767,363
Plan auditUnmodified (clean) audit opinion
AuditorFASTEN HALBERSTAM LLP
Plan history3
Yearassets · accounts · employer contribution
2024$9.9M · 486 accts · $59K emplr
2023$8.0M · 423 accts · $30K emplr
2022$8.3M · 375 accts · $407K emplr
Administrative expenses, itemized · 2024
Investment management$114,196
Total administrative$117,166
The Kadiant, LLC 401(k) match · 2024
Employer contribution per active participant$29
Median for plans this size$1,313
2024$29 per active participant
2023$24 per active participant
2022$691 per active participant

Kadiant, LLC's 2024 employer contribution ran below the $1,313 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 · 20245
MERRILL LYNCH · Investment advisory (plan)$41,541
INTAC ACTUARIAL SERVICES · Contract administrator$8,831
FASTEN HALBERSTAM LLP · Accounting / audit$7,500
ASCENSUS HOLDINGS DBA FUTUREPLAN · Contract administratorindirect comp

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$117,166 · 1.31%
2023$78,100 · 0.96%
2022$95,344 · 1.00%
Similar plansHealth Care & Social Assistance · New Jersey
The Leaguers, Inc. NJ$10.1M · 0.05%
Pathline, LLC NJ$10.0M · 0.57%
Spectrum for Living NJ$9.8M · 0.03%
Scarc, Inc NJ$9.7M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 833935694 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.