Plan Ledger DOL Form 5500 · updated monthly

P.R.O.C.E.E.D. Inc.401(k)

P.R.O.C.E.E.D. INC. 401(K) PLAN · ELIZABETH, NJ · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

P.R.O.C.E.E.D. Inc. reported $29,517 in plan administrative expenses for 2024: 0.44% of average plan assets, below the peer median. Employer contributions averaged $3,421 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 3 years on file its reported administrative ratio has held roughly steady near 0.44%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New Jersey (1,728th of 2,419), and 6,819th of 11,911 in health care & social assistance. In 2024, employees put in $1.64 for every $1.00 the employer contributed; active participation has grown from 57 to 64 since 2022.

Plan summary
Net assets, end of year$7,097,583
Participants with balances117
Active participants64
Employer contributions$218,975
Employee contributions$359,457
Employer contribution per active participant$3,421
Average account balance$60,663
Benefits paid to participants$261,638
Plan auditUnmodified (clean) audit opinion
AuditorROSENBERG RICH BAKER BERMAN, P.A
Plan history3
Yearassets · accounts · employer contribution
2024$7.1M · 117 accts · $219K emplr
2023$6.2M · 122 accts · $221K emplr
2022$5.9M · 124 accts · $223K emplr
Administrative expenses, itemized · 2024
Investment management$29,517
Total administrative$29,517
The P.R.O.C.E.E.D. Inc. 401(k) match · 2024
Employer contribution per active participant$3,421
Median for plans this size$1,313
2024$3,421 per active participant
2023$3,749 per active participant
2022$3,908 per active participant

P.R.O.C.E.E.D. Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$29,517
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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

Administrative cost history3
2024$29,517 · 0.44%
2023$27,086 · 0.45%
2022$27,624 · 0.45%
Similar plansHealth Care & Social Assistance · New Jersey
Integrity, Inc. NJ$7.5M · 0.35%
Monmouth Cares, Inc. NJ$6.8M · 0.85%
Eastern Smiles Opco, LLC NJ$6.8M · 1.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222088378 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.