What are the fees in the North East Parts Group 401(k) plan?

For plan year 2022, North East Parts Group reported $26,814 in plan administrative expenses, or 1.37% of average plan assets — higher than ~90% of peers. Fund-level expense ratios are not included in public filings.

What is the North East Parts Group 401(k) match?

In 2022, employer contributions to the North East Parts Group plan averaged $612 per active participant, below the $1,114 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the North East Parts Group 401(k)?

The average participant account balance was $20,347 for plan year 2022, based on 98 accounts.

North East Parts Group401(k)

Name: North East Parts Group 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

NORTH EAST PARTS GROUP LLC 401(K) PLAN · BLAIRSTOWN, NJ · plan year 2022

Reported admin expense ratio · 2022

1.37%

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

North East Parts Group reported $26,814 in plan administrative expenses for 2022: 1.37% of average plan assets, higher than ~90% of peers. Employer contributions averaged $612 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in New Jersey (2,149th of 2,419), and 4,671st of 5,215 in retail trade. In 2022, employees put in $1.89 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,994,040
Participants with balances98
Active participants252
Employer contributions$154,339
Employee contributions$291,978
Employer contribution per active participant$612
Average account balance$20,347
Benefits paid to participants$43,763
Plan auditUnmodified (clean) audit opinion
AuditorSIKICH LLP

The North East Parts Group 401(k) match · 2022

Employer contribution per active participant$612

Median for plans this size$1,114

North East Parts Group's 2022 employer contribution ran below the $1,114 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

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$26,814 · 1.37%

Similar plansRetail Trade · New Jersey
Rk Chevrolet, Inc. NJ$2.5M · 0.17%
Lilliston Ford & Chrysler Plymou NJ$2.4M · 1.15%
Action Supply, Inc. NJ$2.4M · 1.02%
Gurney Payroll Company LLC NJ$2.2M · 1.12%
Charles S. Winner, Inc. NJ$1.8M · 0.89%
Bergen Auto Enterprises, LLC dba NJ$1.8M · 0.36%
Asian Food Markets of Piscataw NJ$1.6M · 0.50%
Corrados Speciality Goods Inc NJ$1.2M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 461590188 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.