Plan Ledger DOL Form 5500 · updated monthly

Nj Lenders Corp.401(k)

NJ LENDERS 401(K) PLAN · LITTLE FALLS, NJ · plan year 2024

Reported admin expense ratio · 2024
0.31%

Nj Lenders Corp. reported $66,074 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. 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 0.29% to 0.31%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 998th-largest of 2,419 plans among New Jersey employers on file, and 2,843rd of 4,798 in finance & insurance. active participation has shrunk from 252 to 220 since 2022.

Plan summary
Net assets, end of year$22,839,717
Participants with balances156
Active participants220
Employer contributions—
Employee contributions$1,254,059
Employer contribution per active participant—
Average account balance$146,408
Benefits paid to participants$1,062,912
Plan auditUnmodified (clean) audit opinion
AuditorBEDERSON LLP
Plan history3
Yearassets · accounts · employer contribution
2024$22.8M · 156 accts
2023$19.4M · 165 accts
2022$16.2M · 174 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$66,074
Total administrative$66,074
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 · 20243
AMERIPRISE FINANCIAL SERVICES, INC.indirect comp
RED BANK PENSION SERVICES, INC. · Other servicesindirect 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$66,074 · 0.31%
2023$62,824 · 0.35%
2022$52,156 · 0.29%
Same employer
Similar plansFinance & Insurance · New Jersey
Readycap Commercial, LLC NJ$23.8M · 0.42%
Overland Solutions, Inc. NJ$23.2M · 0.09%
Summit Financial, LLC NJ$23.0M · 0.02%
Bcb Community Bank NJ$21.8M · 0.04%
Blue Foundry Bank NJ$21.4M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223157857 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.