Mental Health Association of Essex and Morris, Inc.401(k)
MENTAL HEALTH ASSOCIATION OF ESSEX AND MORRIS, INC.'S 401(K) PROFIT SHARING PLAN · MONTCLAIR, NJ · plan year 2024
Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works
Mental Health Association of Essex and Morris, Inc. reported $6,415 in plan administrative expenses for 2024: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,183 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 0.08% to 0.07%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New Jersey (1,469th of 2,419), and the 5,492nd of 11,911 in health care & social assistance. In 2024, the employer put in $1.23 for every $1.00 employees contributed themselves; active participation has grown from 162 to 233 since 2022.
Mental Health Association of Essex and Morris, Inc.'s 2024 employer contribution ran above the $1,313 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.
Annual cost at the plan's reported 2024 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 221568147 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.