Plan Ledger DOL Form 5500 · updated monthly

L T Chini Inc T/A Gorgo Pallet Co.401(k)

GORGO PALLET CO. 401(K) PLAN · VINELAND, NJ · plan year 2022

Reported admin expense ratio · 2022
2.44%

L T Chini Inc T/A Gorgo Pallet Co. reported $5,947 in plan administrative expenses for 2022: 2.44% of average plan assets, higher than ~75% of peers. 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 under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in New Jersey (2,358th of 2,419), and 13,585th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$177,163
Participants with balances19
Active participants203
Employer contributions—
Employee contributions—
Employer contribution per active participant—
Average account balance$9,324
Benefits paid to participants$31,013
Plan auditUnmodified (clean) audit opinion
AuditorMARCUM LLP
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$3,940
Investment management$999
Professional / advisory$1,008
Total administrative$5,947
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.

Administrative cost history1
2022$5,947 · 2.44%
Similar plansManufacturing · New Jersey
151 Foods LLC NJ$446K · 0.47%
Cnc Cabinetry NJ$190K · 1.36%
Armstrong Flooring, Inc. NJ$134K · 0.05%
Mamamancinis Inc NJ$34K · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223299707 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.