Plan Ledger DOL Form 5500 · updated monthly

Ndi Engineering Company401(k)

NDI ENGINEERING COMPANY 401(K) PROFIT SHARING PLAN · THOROFARE, NJ · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Ndi Engineering Company reported $21,179 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,995 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 0.07% to 0.09%. 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 the 936th-largest of 2,419 plans among New Jersey employers on file, and the 4,807th of 11,654 in professional & technical services. In 2024, employees put in $2.82 for every $1.00 the employer contributed; active participation has grown from 219 to 251 since 2022.

Plan summary
Net assets, end of year$24,709,115
Participants with balances229
Active participants251
Employer contributions$500,793
Employee contributions$1,414,018
Employer contribution per active participant$1,995
Average account balance$107,900
Benefits paid to participants$773,432
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.7M · 229 accts · $501K emplr
2023$20.7M · 226 accts · $485K emplr
2022$18.2M · 214 accts · $475K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,520
Investment management$1,759
Audit (IQPA)$16,900
Total administrative$21,179
The Ndi Engineering Company 401(k) match · 2024
Employer contribution per active participant$1,995
Median for plans this size$2,416
2024$1,995 per active participant
2023$2,089 per active participant
2022$2,170 per active participant

Ndi Engineering Company's 2024 employer contribution ran below the $2,416 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
TORRILLO & ASSOCIATES, LLC · Recordkeeping · Pension consulting$16,900
ADP, INC. · Loan processing · Recordkeeping$2,520
RBC WEALTH MANAGEMENT · Other services$1,759
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, TORRILLO & ASSOCIATES, LLC
2023ADP, TORRILLO & ASSOCIATES, LLC

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

Administrative cost history3
2024$21,179 · 0.09%
2023$16,385 · 0.08%
2022$14,545 · 0.07%
Same employer
Similar plansProfessional & Technical Services · New Jersey
Iveric Bio NJ$25.4M · 0.24%
Hovione LLC NJ$25.1M · 0.30%
Theradex Systems, Inc. NJ$24.9M · 0.45%
US Tech Solutions, Inc. NJ$24.9M · 0.14%
Carecloud, Inc. NJ$24.5M · 0.39%
Metrixlab US Inc NJ$24.1M · 0.14%
Hillmann Consulting, LLC NJ$23.9M · 0.62%
Hill Wallack LLP NJ$23.9M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222465293 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.