Plan Ledger DOL Form 5500 · updated monthly

New Jersey Respiratory, Inc401(k)

NEW JERSEY RESPIRATORY, INC 401(K) PLAN · FAIRFIELD, NJ · plan year 2024

Reported admin expense ratio · 2024
0.75%

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

New Jersey Respiratory, Inc reported $14,500 in plan administrative expenses for 2024: 0.75% of average plan assets, above the peer median. Employer contributions averaged $852 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 0.70% to 0.75%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New Jersey (2,107th of 2,419), and 9,723rd of 11,911 in health care & social assistance. In 2024, employees put in $4.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,390,184
Participants with balances216
Active participants186
Employer contributions$158,384
Employee contributions$665,707
Employer contribution per active participant$852
Average account balance$11,066
Benefits paid to participants$271,360
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.4M · 216 accts · $158K emplr
2023$1.5M · 260 accts · $139K emplr
2022$689K · 184 accts · $62K emplr
Administrative expenses, itemized · 2024
Investment management$14,500
Total administrative$14,500
The New Jersey Respiratory, Inc 401(k) match · 2024
Employer contribution per active participant$852
Median for plans this size$1,313
2024$852 per active participant
2023$632 per active participant
2022$340 per active participant

New Jersey Respiratory, Inc's 2024 employer contribution ran below the $1,313 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 · 20241
MICHAEL LEMAY · Investment advisory (plan)$9,682

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$14,500 · 0.75%
2023$7,382 · 0.68%
2022$3,875 · 0.70%
Same employer
Similar plansHealth Care & Social Assistance · New Jersey
Genie Healthcare Inc NJ$2.5M · 1.30%
Bridgeway, Inc. NJ$2.3M · 1.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222440740 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.