Plan Ledger DOL Form 5500 · updated monthly

Korber Pharma Packaging Materials LLC401(k)

KORBER PHARMA PACKAGING MATERIALS LLC 401(K) PLAN · CAMDEN, NJ · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Korber Pharma Packaging Materials LLC reported $7,072 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $512 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in New Jersey (1,595th of 2,419), and 9,317th of 13,661 in manufacturing. In 2024, employees put in $4.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,812,404
Participants with balances130
Active participants268
Employer contributions$137,092
Employee contributions$585,102
Employer contribution per active participant$512
Average account balance$67,788
Benefits paid to participants$983,216
Plan auditUnmodified (clean) audit opinion
AuditorHAEFELE, FLANAGAN & CO., PC
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,072
Total administrative$7,072
The Korber Pharma Packaging Materials LLC 401(k) match · 2024
Employer contribution per active participant$512
Median for plans this size$1,313

Korber Pharma Packaging Materials 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 · 20242
ESTATE & PENSION ADVISORY BOARD · Recordkeeping · Loan processing$4,730
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$2,342

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

Administrative cost history1
2024$7,072 · 0.08%
Same employer
Similar plansManufacturing · New Jersey
Troemner, LLC NJ$9.5M · 0.53%
Custom Alloy Corporation NJ$9.3M · 0.55%
The Vmc Group NJ$9.0M · 0.37%
Polymeric Resources Corp. NJ$8.5M · 0.01%
Modern Meadow, Inc. NJ$8.4M · 0.03%
Damascus Bakery Opco, LLC NJ$8.4M · 0.71%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 475593447 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.