Plan Ledger DOL Form 5500 · updated monthly

Marlin Leasing Corporation401(k)

MARLIN LEASING CORPORATION 401(K) PROFIT SHARING PLAN & TRUST · MOUNT LAUREL, NJ · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Marlin Leasing Corporation reported $66,520 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $2,716 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 rose from 0.14% to 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 942nd-largest of 2,419 plans among New Jersey employers on file, and the 544th of 2,096 in real estate & leasing. In 2024, employees put in $3.11 for every $1.00 the employer contributed; active participation has grown from 204 to 236 since 2022.

Plan summary
Net assets, end of year$24,562,205
Participants with balances422
Active participants236
Employer contributions$641,028
Employee contributions$1,990,987
Employer contribution per active participant$2,716
Average account balance$58,204
Benefits paid to participants$2,205,004
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.6M · 422 accts · $641K emplr
2023$20.5M · 407 accts · $353K emplr
2022$20.4M · 424 accts · $602K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,520
Audit (IQPA)$29,000
Total administrative$66,520
The Marlin Leasing Corporation 401(k) match · 2024
Employer contribution per active participant$2,716
Median for plans this size$2,416
2024$2,716 per active participant
2023$1,838 per active participant
2022$2,949 per active participant

Marlin Leasing Corporation's 2024 employer contribution ran above the $2,416 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.

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 · 20242
LINCOLN NATIONAL CORPORATION · Contract administrator$37,520
STEPHANO SLACK, LLC · Accounting / audit$29,000

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

Administrative cost history3
2024$66,520 · 0.30%
2023$50,956 · 0.25%
2022$32,547 · 0.14%
Same employer
Similar plansReal Estate & Leasing · New Jersey
Umh Properties, Inc. NJ$34.2M · 0.64%
Ue Management LLC NJ$32.1M · 0.11%
Rpm Management, LLC NJ$31.8M · 0.29%
Ironstate Properties LLC NJ$25.7M · 0.03%
Nexus Management, LLC NJ$16.8M · 0.48%
The Kamson Corporation NJ$16.8M · 0.04%
Ingerman Management Company NJ$15.7M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223520555 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.