Plan Ledger DOL Form 5500 · updated monthly

Panco Management of New Jersey, LLC401(k)

PANCO MANAGEMENT OF NEW JERSEY, LLC 401(K) PLAN · ROCHELLE PARK, NJ · plan year 2024

Reported admin expense ratio · 2024
0.66%

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

Panco Management of New Jersey, LLC reported $78,014 in plan administrative expenses for 2024: 0.66% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,009 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 0.66%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in New Jersey (1,346th of 2,419), and the 935th of 2,096 in real estate & leasing. In 2024, employees put in $5.85 for every $1.00 the employer contributed; active participation has grown from 219 to 249 since 2022.

Plan summary
Net assets, end of year$12,963,405
Participants with balances285
Active participants249
Employer contributions$251,291
Employee contributions$1,469,505
Employer contribution per active participant$1,009
Average account balance$45,486
Benefits paid to participants$1,197,145
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.0M · 285 accts · $251K emplr
2023$10.5M · 270 accts · $212K emplr
2022$9.2M · 207 accts · $166K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,259
Investment management$35,755
Total administrative$78,014
The Panco Management of New Jersey, LLC 401(k) match · 2024
Employer contribution per active participant$1,009
Median for plans this size$2,416
2024$1,009 per active participant
2023$963 per active participant
2022$756 per active participant

Panco Management of New Jersey, LLC's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment advisory (participants)$42,867
MERRILL LYNCH · Investment advisory (plan)$35,147

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$78,014 · 0.66%
2023$71,628 · 0.73%
2022$67,631 · 0.65%
Same employer
Similar plansReal Estate & Leasing · New Jersey
Russo Development, LLC NJ$15.7M · 0.09%
Matrix Realty Inc. NJ$15.2M · 0.02%
The Jack Parker Corporation NJ$12.9M · 0.37%
Party Rental LTD. NJ$11.8M · 0.86%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 223609569 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.