Plan Ledger DOL Form 5500 · updated monthly

Manasquan Bank401(k)

MANASQUAN BANK 401(K) PLAN · WALL TOWNSHIP, NJ · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Manasquan Bank reported $85,353 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $6,488 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 0.31% to 0.25%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 695th-largest of 2,419 plans among New Jersey employers on file, and the 2,029th of 4,798 in finance & insurance. In 2024, employees put in $1.19 for every $1.00 the employer contributed; active participation has grown from 218 to 240 since 2022.

Plan summary
Net assets, end of year$38,289,381
Participants with balances301
Active participants240
Employer contributions$1,557,143
Employee contributions$1,848,668
Employer contribution per active participant$6,488
Average account balance$127,207
Benefits paid to participants$703,769
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$38.3M · 301 accts · $1.6M emplr
2023$31.2M · 288 accts · $1.5M emplr
2022$24.9M · 269 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,975
Investment management$78,378
Total administrative$85,353
The Manasquan Bank 401(k) match · 2024
Employer contribution per active participant$6,488
Median for plans this size$2,416
2024$6,488 per active participant
2023$6,253 per active participant
2022$5,810 per active participant

Manasquan Bank's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20243
GLOBAL RETIREMENT PARTNERS · Recordkeeping · Trustee$78,378
ADP, INC. · Loan processing · Recordkeeping$6,974
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, GLOBAL RETIREMENT PARTNERS
2023ADP, GLOBAL RETIREMENT PARTNERS

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

Administrative cost history3
2024$85,353 · 0.25%
2023$84,435 · 0.30%
2022$83,468 · 0.31%
Same employer
Similar plansFinance & Insurance · New Jersey
Ridgewood Energy Corp NJ$47.5M · 0.22%
Northfield Bank NJ$44.3M · 0.18%
Hennion & Walsh Inc NJ$38.6M · 0.13%
Sturdy Savings Bank NJ$36.7M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 210506080 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.