Plan Ledger DOL Form 5500 · updated monthly

Mindlance Inc401(k)

MINDLANCE INC 401K PLAN · UNION, NJ · plan year 2024

Reported admin expense ratio · 2024
0.63%

Mindlance Inc reported $65,302 in plan administrative expenses for 2024: 0.63% 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 rose from 0.55% to 0.63%. 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 (1,436th of 2,419), and 7,556th of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$11,449,136
Participants with balances399
Active participants2,332
Employer contributions—
Employee contributions$3,226,651
Employer contribution per active participant—
Average account balance$28,695
Benefits paid to participants$2,386,249
Plan auditUnmodified (clean) audit opinion
AuditorANTONIO A SORIANO
Plan history3
Yearassets · accounts · employer contribution
2024$11.4M · 399 accts
2023$9.2M · 375 accts · $3K emplr
2022$7.7M · 309 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60,997
Audit (IQPA)$4,305
Total administrative$65,302
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 · 20241
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$60,997

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$65,302 · 0.63%
2023$52,098 · 0.62%
2022$42,958 · 0.55%
Same employer
Similar plansProfessional & Technical Services · New Jersey
Scarinci & Hollenbeck, LLC NJ$11.5M · 0.21%
US Pharma Lab, Inc. NJ$11.3M · 0.29%
South Jersey Legal Services NJ$10.9M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223688948 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.