Plan Ledger DOL Form 5500 · updated monthly

Maintech Incorporated401(k)

MAINTECH 401(K) RETIREMENT PLAN AND TRUST · CRANFORD, NJ · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Maintech Incorporated reported $187,449 in plan administrative expenses for 2024: 0.61% of average plan assets, higher than ~75% of peers. Employer contributions averaged $135 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 fell from 0.91% to 0.61%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 777th-largest of 2,419 plans among New Jersey employers on file, and the 3,872nd of 11,654 in professional & technical services. In 2024, employees put in $20.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$32,923,412
Participants with balances456
Active participants488
Employer contributions$66,117
Employee contributions$1,340,829
Employer contribution per active participant$135
Average account balance$72,200
Benefits paid to participants$814,999
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$32.9M · 456 accts · $66K emplr
2023$28.1M · 439 accts · $61K emplr
2022$23.9M · 450 accts · $53K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$57,193
Investment management$130,256
Total administrative$187,449
The Maintech Incorporated 401(k) match · 2024
Employer contribution per active participant$135
Median for plans this size$2,416
2024$135 per active participant
2023$123 per active participant
2022$112 per active participant

Maintech Incorporated's 2024 employer contribution ran below the $2,416 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 · 20244
AXIOM INVESTMENT MANAGEMENT LLC · Recordkeeping · Trustee$180,254
ADP, INC. · Loan processing · Recordkeeping$7,143
CHARLES SCHWAB INVESTMENT MGMT INC. · Securities brokerage$20
ADP BROKER-DEALERindirect 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, AXIOM INVESTMENT MANAGEMENT LLC
2023ADP, AXIOM INVESTMENT MANAGEMENT LLC

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Administrative cost history3
2024$187,449 · 0.61%
2023$163,450 · 0.63%
2022$277,640 · 0.91%
Similar plansProfessional & Technical Services · New Jersey
Aus, Inc. NJ$33.6M · 0.24%
Avepoint, Inc. NJ$33.1M · 0.25%
Smolin, Lupin & Co., P.A. NJ$33.0M · 0.25%
Brillio, LLC NJ$32.8M · 0.16%
Cb Neptune Holdings LLC NJ$32.7M · 0.11%
Eos Accountants LLP NJ$32.5M · 0.17%
Xtivia, Inc. NJ$32.5M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 134155224 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.