Plan Ledger DOL Form 5500 · updated monthly

NET2SOURCE Inc.401(k)

NET2SOURCE 401(K) PLAN · SOMERSET, NJ · plan year 2024

Reported admin expense ratio · 2024
0.17%

NET2SOURCE Inc. reported $897 in plan administrative expenses for 2024: 0.17% of average plan assets, lower 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.

The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans. By assets it is among the smaller plans on file in New Jersey (2,289th of 2,419).

Plan summary
Net assets, end of year$524,515
Participants with balances490
Active participants420
Employer contributions—
Employee contributions$539,450
Employer contribution per active participant—
Average account balance$1,070
Benefits paid to participants$11,636
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$897
Total administrative$897
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
ADP, INC. · Loan processing · Recordkeeping$896
MORNINGSTAR RETIREMENT MANAGER · Investment advisory (participants) · Investment advisory (plan)$540

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

Administrative cost history1
2024$897 · 0.17%
Similar plansplans of similar size
Allied Lube Texas LP TX$526K · 1.48%
Progressive Housing, Inc. IL$525K · 0.57%
Nagel Paper, Inc. MI$524K · 1.26%
Ursa Group LLC AL$524K · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 260591050 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.