Plan Ledger DOL Form 5500 · updated monthly

Marlabs, Inc401(k)

MARLABS 401(K) PLAN · PISCATAWAY, NJ · plan year 2024

Reported admin expense ratio · 2024
0.46%

Marlabs, Inc reported $59,176 in plan administrative expenses for 2024: 0.46% 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.

Across the 2 years on file its reported administrative ratio fell from 0.61% to 0.46%. 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 among the smaller plans on file in New Jersey (1,347th of 2,419), and 7,111th of 11,654 in professional & technical services. active participation has shrunk from 422 to 235 since 2022.

Plan summary
Net assets, end of year$12,962,545
Participants with balances260
Active participants235
Employer contributions—
Employee contributions$1,410,569
Employer contribution per active participant—
Average account balance$49,856
Benefits paid to participants$2,620,715
Plan auditUnmodified (clean) audit opinion
AuditorGALLEROS ROBINSON CPAS LLP
Plan history3
Yearassets · accounts · employer contribution
2024$13.0M · 260 accts
2023$12.6M · 279 accts
2022$10.3M · 287 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,164
Investment management$20,012
Total administrative$59,176
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
STONEHILL FIDCUCIARY MANAGEMENT · Recordkeeping · Pension consulting$36,024
ADP, INC. · Loan processing · Recordkeeping$31,163
GALLEROS KOH LLP · Recordkeeping · Pension consulting$10,000
CHARLES SCHWAB INVESTMENT MGMT INC. · Securities brokerage$20

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, GALLEROS KOH LLP, STONEHILL FIDCUCIARY MANAGEMENT
2023ADP, GALLEROS KOH LLP, STONEHILL FIDCUCIARY MANAGEMENT

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Administrative cost history3
2024$59,176 · 0.46%
2023$65,513 · 0.57%
2022$67,755 · 0.61%
Same employer
Similar plansProfessional & Technical Services · New Jersey
Thea Enterprises LLC NJ$13.3M · 0.39%
Iris Software Inc. NJ$13.2M · 0.25%
Advisors Mortgage Group NJ$13.1M · 0.15%
Kashiv Biosciences, LLC NJ$12.9M · 0.69%
Allstate Sales Group Inc NJ$12.6M · 1.23%
P-Value Communications NJ$12.5M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541816287 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.