Plan Ledger DOL Form 5500 · updated monthly

Komline-Sanderson401(k)

KOMLINE-SANDERSON 401(K) PLAN · PEAPACK, NJ · plan year 2023

Reported admin expense ratio · 2023
0.34%

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

Komline-Sanderson reported $145,088 in plan administrative expenses for 2023: 0.34% of average plan assets, above the peer median. Employer contributions averaged $2,494 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 0.11% to 0.39%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 609th-largest of 2,419 plans among New Jersey employers on file, and the 3,388th of 13,661 in manufacturing. In 2023, employees put in $2.49 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$45,077,513
Participants with balances418
Active participants380
Employer contributions$947,704
Employee contributions$2,364,463
Employer contribution per active participant$2,494
Average account balance$107,841
Benefits paid to participants$4,270,605
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$44.0M · 418 accts · $776K emplr
2023$45.1M · 418 accts · $948K emplr
2022$39.4M · 383 accts · $610K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$74,725
Investment management$50,000
Audit (IQPA)$17,850
Total administrative$145,088
The Komline-Sanderson 401(k) match · 2023
Employer contribution per active participant$2,494
Median for plans this size$2,440
2024$1,747 per active participant
2023$2,494 per active participant
2022$1,588 per active participant

Komline-Sanderson'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 · 20233
PRUDENTIAL RETIREMENT INSURANCE AND · Contract administrator · Recordkeeping$80,918
BROWN ADVISORY · Investment advisory (plan)$50,000
CLIFTON LARSON ALLEN LLP · Accounting / audit$17,850

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Empower
2023Prudential

This plan has changed recordkeepers within these filings. If you left Komline-Sanderson before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$173,872 · 0.39%
2023$145,088 · 0.34%
2022$47,523 · 0.11%
Similar plansManufacturing · New Jersey
Picut Industries, Inc. NJ$47.4M · 0.26%
Rose Brand Wipers, Inc. NJ$45.5M · 0.21%
Edmund Optics, Inc. NJ$45.1M · 0.27%
Aak USA Inc NJ$44.3M · 0.38%
Weiss-Aug Co. Inc. NJ$43.4M · 0.44%
Puratos Corporation NJ$43.0M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 221442955 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.