Plan Ledger DOL Form 5500 · updated monthly

North Jersey ElksProfit-sharing plan

NORTH JERSEY ELKS DEVELOPMENTAL DISABILITIES AGENCY EMPLOYEES' RETIREMENT PLAN · CLIFTON, NJ · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

North Jersey Elks reported $63,579 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,133 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 0.41% to 0.51%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in New Jersey (1,355th of 2,419), and 1,921st of 3,091 in educational services. active participation has grown from 140 to 232 since 2022.

Plan summary
Net assets, end of year$12,857,157
Participants with balances314
Active participants232
Employer contributions$494,790
Employee contributions$0
Employer contribution per active participant$2,133
Average account balance$40,946
Benefits paid to participants$565,471
Plan auditUnmodified (clean) audit opinion
AuditorSMOLIN, LUPIN & CO., LLC
Plan history3
Yearassets · accounts · employer contribution
2024$12.9M · 314 accts · $495K emplr
2023$12.3M · 290 accts · $1.2M emplr
2022$12.4M · 268 accts · $859K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,579
Total administrative$63,579
Employer contributions to the North Jersey Elks plan · 2024
Employer contribution per active participant$2,133
Median for plans this size$2,416
2024$2,133 per active participant
2023$5,140 per active participant
2022$6,139 per active participant

North Jersey Elks's 2024 employer contribution ran below the $2,416 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
MUTUAL OF AMERICA SEC. CORP LLC · Recordkeeping · Loan processing$53,040

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$63,579 · 0.51%
2023$56,239 · 0.45%
2022$59,389 · 0.41%
Same employer
Similar plansEducational Services · New Jersey
The Ctc Academy, Inc. NJ$13.8M · 0.31%
Classlink, Inc. NJ$13.4M · 0.04%
Learning Ally, Inc. NJ$11.4M · 0.53%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 222675421 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.