Plan Ledger DOL Form 5500 · updated monthly

Njoy LLC401(k)

NJOY 401(K) PLAN · SCOTTSDALE, AZ · plan year 2023

Reported admin expense ratio · 2023
0.52%

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

Njoy LLC reported $49,458 in plan administrative expenses for 2023: 0.52% of average plan assets, above the peer median. Employer contributions averaged $9,879 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 has held roughly steady near 0.52%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is the 592nd-largest of 1,285 plans among Arizona employers on file, and 8,793rd of 13,661 in manufacturing. In 2023, employees put in $1.98 for every $1.00 the employer contributed; active participation has shrunk from 154 to 76 since 2022.

Plan summary
Net assets, end of year$9,960,299
Participants with balances158
Active participants76
Employer contributions$750,817
Employee contributions$1,487,008
Employer contribution per active participant$9,879
Average account balance$63,040
Benefits paid to participants$3,222,433
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $89K emplr
2023$10.0M · 158 accts · $751K emplr
2022$9.1M · 184 accts · $763K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$43,992
Investment management$5,466
Total administrative$49,458
The Njoy LLC 401(k) match · 2023
Employer contribution per active participant$9,879
Median for plans this size$1,308
2023$9,879 per active participant
2022$4,955 per active participant

Njoy LLC's 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top quarter of its peers. 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$5,466

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

Administrative cost history3
2024Not separately reported
2023$49,458 · 0.52%
2022$45,876 · 0.49%
Same employer
Similar plansManufacturing · Arizona
Leoni Wiring Systems AZ$11.2M · 0.11%
R&R Products, Inc. AZ$10.5M · 0.50%
Pure Wafer, Inc AZ$9.2M · 0.08%
Brooklyn Bedding LLC AZ$8.8M · 0.11%
Arizona Grain, Inc. AZ$8.8M · 0.16%
Verigon, LLC AZ$8.1M · 0.73%

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Source: U.S. Department of Labor, Form 5500 series, EIN 814429502 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.