Plan Ledger DOL Form 5500 · updated monthly

Lynnes Nissan City Inc.401(k)

LYNNES NISSAN CITY INC. 401(K) PROFIT SHARING PLAN · BLOOMFIELD, NJ · plan year 2024

Reported admin expense ratio · 2024
0.32%

Lynnes Nissan City Inc. reported $24,582 in plan administrative expenses for 2024: 0.32% of average plan assets, below the peer median. 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 0.29% to 0.32%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in New Jersey (1,654th of 2,419), and 3,198th of 4,246 in wholesale trade.

Plan summary
Net assets, end of year$8,113,176
Participants with balances392
Active participants154
Employer contributions—
Employee contributions$713,520
Employer contribution per active participant—
Average account balance$20,697
Benefits paid to participants$785,142
Plan auditUnmodified (clean) audit opinion
AuditorMAGONE & COMPANY PC CPA'S
Plan history3
Yearassets · accounts · employer contribution
2024$8.1M · 392 accts
2023$7.0M · 375 accts
2022$5.9M · 354 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,582
Total administrative$24,582
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
ADP, INC. · Loan processing · Recordkeeping$24,582
ADP BROKER-DEALERindirect comp
MORGAN STANLEY · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$24,582 · 0.32%
2023$19,075 · 0.29%
2022$18,418 · 0.29%
Similar plansWholesale Trade · New Jersey
Technogym USA Corp NJ$8.2M · 0.18%
Genpro, Inc. NJ$8.1M · 0.91%
Kent International, Inc. NJ$7.7M · 0.13%
Torrent Pharma Inc NJ$7.6M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 221643602 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.