Plan Ledger DOL Form 5500 · updated monthly

Merry Heart Personnel Corp401(k)

MERRY HEART PERSONNEL CORP 401(K) PROFIT SHARING PLAN & TRUST · SUCCASUNNA, NJ · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Merry Heart Personnel Corp reported $39,452 in plan administrative expenses for 2024: 0.49% of average plan assets, below the peer median. Employer contributions averaged $821 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 0.45% to 0.49%. 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 (1,602nd of 2,419), and 6,153rd of 11,911 in health care & social assistance. In 2024, employees put in $4.31 for every $1.00 the employer contributed; active participation has shrunk from 180 to 149 since 2022.

Plan summary
Net assets, end of year$8,723,201
Participants with balances354
Active participants149
Employer contributions$122,346
Employee contributions$526,898
Employer contribution per active participant$821
Average account balance$24,642
Benefits paid to participants$431,165
Plan auditUnmodified (clean) audit opinion
AuditorPRAEGER METIS CPAS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$8.7M · 354 accts · $122K emplr
2023$7.4M · 332 accts · $132K emplr
2022$6.6M · 321 accts · $114K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,410
Investment management$20,182
Trustee / custodial$860
Total administrative$39,452
The Merry Heart Personnel Corp 401(k) match · 2024
Employer contribution per active participant$821
Median for plans this size$1,313
2024$821 per active participant
2023$777 per active participant
2022$632 per active participant

Merry Heart Personnel Corp's 2024 employer contribution ran below the $1,313 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
PAYCHEX, INC. · Recordkeeping$18,671
RBC CAPITAL MARKETS · Investment advisory (participants)$20,188

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

Recordkeeper by year2
2024Paychex
2023Paychex, RBC CAPITAL MARKETS

This plan has changed recordkeepers within these filings. If you left Merry Heart Personnel Corp before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$39,452 · 0.49%
2023$31,511 · 0.45%
2022$31,996 · 0.45%
Same employer
Similar plansHealth Care & Social Assistance · New Jersey
Cape Atlantic Ink Inc NJ$8.9M · 0.51%
The Arc of Monmouth, Inc. NJ$8.7M · 0.02%
Heath Village NJ$8.6M · 0.55%
The Arc/Mercer, Inc. NJ$8.4M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 262181681 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.