Magyar Bank401(k)
MAGYAR BANK 401(K) PROFIT SHARING PLAN · NEW BRUNSWICK, NJ · plan year 2025
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Magyar Bank reported $65,046 in plan administrative expenses for 2025: 0.44% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,825 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 3 years on file its reported administrative ratio fell from 0.51% to 0.44%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in New Jersey (1,216th of 2,419), and 3,443rd of 4,798 in finance & insurance. In 2025, employees put in $2.54 for every $1.00 the employer contributed.
Magyar Bank's 2025 employer contribution ran above the $2,666 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.
Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 221085787 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.