Plan Ledger DOL Form 5500 · updated monthly

Nb Ventures, Inc.401(k)

NB VENTURES, INC. 401(K) PLAN · CLARK, NJ · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Nb Ventures, Inc. reported $191,326 in plan administrative expenses for 2024: 0.33% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,115 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 0.46% to 0.33%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 495th-largest of 2,419 plans among New Jersey employers on file, and the 2,252nd of 11,654 in professional & technical services. In 2024, employees put in $3.76 for every $1.00 the employer contributed; active participation has shrunk from 548 to 481 since 2022.

Plan summary
Net assets, end of year$63,159,394
Participants with balances830
Active participants481
Employer contributions$1,498,180
Employee contributions$5,634,799
Employer contribution per active participant$3,115
Average account balance$76,096
Benefits paid to participants$5,312,477
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITH BROWN, PC
Plan history3
Yearassets · accounts · employer contribution
2024$63.2M · 830 accts · $1.5M emplr
2023$52.4M · 845 accts · $1.9M emplr
2022$39.1M · 823 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$161,553
Investment management$28,623
Total administrative$191,326
The Nb Ventures, Inc. 401(k) match · 2024
Employer contribution per active participant$3,115
Median for plans this size$3,635
2024$3,115 per active participant
2023$3,655 per active participant
2022$3,207 per active participant

Nb Ventures, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20244
NB VENTURES INC$16,300
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$8,989
NFP RETIREMENT INC$2,917

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$191,326 · 0.33%
2023$192,731 · 0.42%
2022$186,138 · 0.46%
Same employer
Similar plansProfessional & Technical Services · New Jersey
Attentive Mobile Inc. NJ$67.5M · 0.06%
Diagnostica Stago, Inc. NJ$66.8M · 0.09%
Legend Biotech USA, Inc. NJ$65.8M · 0.43%
Lerner David, LLP NJ$62.1M · 0.07%
Scitec, Inc. NJ$60.4M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223721259 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.