Plan Ledger DOL Form 5500 · updated monthly

Modern Meadow, Inc.401(k)

MODERN MEADOW, INC. 401(K) PLAN · NUTLEY, NJ · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Modern Meadow, Inc. reported $2,462 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $7,588 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 3 years on file its reported administrative ratio has held roughly steady near 0.031%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in New Jersey (1,628th of 2,419), and 9,470th of 13,661 in manufacturing. In 2024, employees put in $2.17 for every $1.00 the employer contributed; active participation has shrunk from 105 to 37 since 2022.

Plan summary
Net assets, end of year$8,444,201
Participants with balances126
Active participants37
Employer contributions$280,768
Employee contributions$608,139
Employer contribution per active participant$7,588
Average account balance$67,017
Benefits paid to participants$898,402
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.4M · 126 accts · $281K emplr
2023$7.2M · 134 accts · $487K emplr
2022$4.9M · 132 accts · $403K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,462
Total administrative$2,462
The Modern Meadow, Inc. 401(k) match · 2024
Employer contribution per active participant$7,588
Median for plans this size$1,313
2024$7,588 per active participant
2023$5,016 per active participant
2022$3,837 per active participant

Modern Meadow, 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.

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 · 20245
VOYA RETIREMENT INSURANCE & ANNUITY · Investment advisory (participants)$1,138
WORLD INVESTMENT ADVISORS, LLCindirect comp
CETERA ADVISORS LLCindirect comp
MORNINGSTAR · Investment advisory (plan)indirect comp

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$2,462 · 0.03%
2023$2,157 · 0.04%
2022$1,628 · 0.03%
Same employer
Similar plansManufacturing · New Jersey
The Vmc Group NJ$9.0M · 0.37%
Polymeric Resources Corp. NJ$8.5M · 0.01%
Damascus Bakery Opco, LLC NJ$8.4M · 0.71%
American Spraytech NJ$8.3M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 452927254 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.