Plan Ledger DOL Form 5500 · updated monthly

On-Board Engineering Corporation401(k)

THE ON-BOARD 401(K) RETIREMENT SAVINGS PLAN · EAST WINDSOR, NJ · plan year 2024

Reported admin expense ratio · 2024
0.56%

On-Board Engineering Corporation reported $112,214 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~75% of peers. 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 0.47% to 0.56%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,058th-largest of 2,419 plans among New Jersey employers on file, and the 5,420th of 11,654 in professional & technical services. active participation has shrunk from 1,584 to 987 since 2022.

Plan summary
Net assets, end of year$20,761,276
Participants with balances1,289
Active participants987
Employer contributions—
Employee contributions$2,413,033
Employer contribution per active participant—
Average account balance$16,106
Benefits paid to participants$2,843,301
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.8M · 1,289 accts
2023$19.2M · 1,981 accts
2022$16.6M · 1,962 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$97,714
Audit (IQPA)$14,500
Total administrative$112,214
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
LINCOLN NATIONAL CORPORATION · Contract administrator$97,714
CARON & BLETZER, PLLC · Accounting / audit$14,500

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$112,214 · 0.56%
2023$69,391 · 0.39%
2022$81,847 · 0.47%
Same employer
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Midea America Corporation NJ$21.1M · 0.30%
Pci Staff Leasing, Inc. NJ$21.1M · 0.43%
Systems Technologies, Inc. NJ$20.9M · 0.25%
Oyster Point Pharma, Inc. NJ$20.3M · 0.00%
Coreweave NJ$20.2M · 0.07%
Erg Holding Company, LLC NJ$20.0M · 0.63%
Eps Corporation NJ$20.0M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222334744 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.