Plan Ledger DOL Form 5500 · updated monthly

Patel Consultants Corporation401(k)

PATEL CONSULTANTS 401(K) PLAN · UNION, NJ · plan year 2025

Reported admin expense ratio · 2025
0.17%

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

Patel Consultants Corporation reported $15,007 in plan administrative expenses for 2025: 0.17% of average plan assets, lower than ~75% of peers. Employer contributions averaged $0 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 fell from 0.20% to 0.17%. The plan sits in the $1M–$10M size bracket, benchmarked here against 809 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New Jersey (1,585th of 2,419), and 8,325th of 11,654 in professional & technical services. active participation has shrunk from 87 to 46 since 2022.

Plan summary
Net assets, end of year$9,007,094
Participants with balances97
Active participants46
Employer contributions$0
Employee contributions$442,908
Employer contribution per active participant$0
Average account balance$92,857
Benefits paid to participants$1,029,696
Plan auditUnmodified (clean) audit opinion
AuditorWITHUM SMITH AND BROWN, PC
Plan history4
Yearassets · accounts · employer contribution
2025$9.0M · 97 accts
2024$8.4M · 105 accts
2023$7.8M · 161 accts
2022$7.7M · 169 accts
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$15,007
Total administrative$15,007
The Patel Consultants Corporation 401(k) match · 2025
Employer contribution per active participant$0
Median for plans this size$1,464

Patel Consultants Corporation's 2025 employer contribution ran below the $1,464 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20254
EMPOWER ADVISORY GROUP, LLC · Investment management$1,271
ASSOCIATED PENSION CONSULTANTS, INC · Contract administrator$900
AMERIPRISE FINANCIAL SERVICES INCindirect comp

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

Administrative cost history4
2025$15,007 · 0.17%
2024$20,057 · 0.25%
2023$13,587 · 0.18%
2022$17,049 · 0.20%
Similar plansProfessional & Technical Services · New Jersey
Datanomics, Inc. NJ$9.4M · 0.01%
Blue Sage Solutions LLC NJ$9.4M · 0.09%
Terumo Puerto Rico LLC NJ$9.0M · 0.50%
Hrg Management, LLC NJ$8.7M · 0.13%
Comodo Group Inc NJ$8.7M · 0.05%
Opera Solutions LLC NJ$8.6M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222120360 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.