Plan Ledger DOL Form 5500 · updated monthly

On Target Staffing, LLC401(k)

ON TARGET STAFFING, LLC 401(K) PROFIT SHARING PLAN · NORTH BRUNSWICK, NJ · plan year 2023

Reported admin expense ratio · 2023
0.46%

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

On Target Staffing, LLC reported $2,250 in plan administrative expenses for 2023: 0.46% of average plan assets, below the peer median. Employer contributions averaged $33 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 1 year on file its reported administrative ratio rose from 0.27% to 0.46%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in New Jersey (2,272nd of 2,419), and 2,290th of 2,534 in administrative & support services. In 2023, employees put in $1.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$659,090
Participants with balances50
Active participants2,983
Employer contributions$98,705
Employee contributions$156,781
Employer contribution per active participant$33
Average account balance$13,182
Benefits paid to participants$24,411
Plan auditUnmodified (clean) audit opinion
AuditorHOLMAN FRENIA ALLISON, PC
Plan history2
Yearassets · accounts · employer contribution
2023$659K · 50 accts · $99K emplr
2022$326K · 47 accts · $83K emplr
The On Target Staffing, LLC 401(k) match · 2023
Employer contribution per active participant$33
Median for plans this size$522
2023$33 per active participant
2022$44 per active participant

On Target Staffing, LLC's 2023 employer contribution ran below the $522 median for plans its size, in the bottom 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.

Administrative cost history2
2023$2,250 · 0.46%
2022$625 · 0.27%
Similar plansAdministrative & Support Services · New Jersey
Credit Saint, LLC NJ$1.1M · 2.12%
Down to Earth Landscaping NJ$955K · 2.08%
Technostaff LLC NJ$806K · 0.67%
Motivated Security NJ$682K · 0.63%
Prostaff Solutions Inc. NJ$476K · 1.94%
Cleanslate Group LLC NJ$422K · 0.72%
Daekyo America Inc NJ$344K · 1.92%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223787585 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.