Plan Ledger DOL Form 5500 · updated monthly

Northeast Precast, LLC401(k)

NORTHEAST PRECAST, LLC 401(K) RETIREMENT PLAN · VINELAND, NJ · plan year 2024

Reported admin expense ratio · 2024
0.70%

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

Northeast Precast, LLC reported $34,487 in plan administrative expenses for 2024: 0.70% of average plan assets, above the peer median. Employer contributions averaged $935 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 0.56% to 0.70%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in New Jersey (1,808th of 2,419), and 10,649th of 13,661 in manufacturing. In 2024, employees put in $2.79 for every $1.00 the employer contributed; active participation has grown from 280 to 311 since 2022.

Plan summary
Net assets, end of year$6,052,430
Participants with balances206
Active participants311
Employer contributions$290,667
Employee contributions$810,525
Employer contribution per active participant$935
Average account balance$29,381
Benefits paid to participants$201,764
Plan auditUnmodified (clean) audit opinion
AuditorMARTINI & MARTINI CPA, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$6.1M · 206 accts · $291K emplr
2023$3.7M · 190 accts · $231K emplr
2022$2.4M · 158 accts · $227K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,580
Investment management$24,907
Total administrative$34,487
The Northeast Precast, LLC 401(k) match · 2024
Employer contribution per active participant$935
Median for plans this size$1,313
2024$935 per active participant
2023$734 per active participant
2022$812 per active participant

Northeast Precast, LLC'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 · 20242
THE VANGUARD GROUP, INC. · Recordkeeping$9,580
LINCOLN INVEST. PLANNING · Investment advisory (plan)$24,907

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$34,487 · 0.70%
2023$21,479 · 0.69%
2022$12,432 · 0.56%
Same employer
Similar plansManufacturing · New Jersey
Appliance Replacement Inc NJ$6.3M · 0.24%
Englewood Lab Inc. NJ$6.3M · 0.29%
Access Bio Inc NJ$6.1M · 0.05%
Bridor USA Inc. NJ$5.9M · 0.08%
All American Poly NJ$5.9M · 0.56%
Cambridge Pavers Inc. NJ$5.8M · 0.74%
Mulhern Belting, Inc. NJ$5.7M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850484948 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.