Plan Ledger DOL Form 5500 · updated monthly

Peckar & Abramson, PC401(k)

PECKAR & ABRAMSON, PC PROFIT SHARING 401(K) PLAN · RIVER EDGE, NJ · plan year 2023

Reported admin expense ratio · 2023
0.33%

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

Peckar & Abramson, PC reported $144,793 in plan administrative expenses for 2023: 0.33% of average plan assets, above the peer median. Employer contributions averaged $5,558 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 2 years on file its reported administrative ratio fell from 0.49% to 0.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 601st-largest of 2,419 plans among New Jersey employers on file, and the 2,936th of 11,654 in professional & technical services. In 2023, employees put in $1.94 for every $1.00 the employer contributed; active participation has shrunk from 151 to 135 since 2022.

Plan summary
Net assets, end of year$46,189,178
Participants with balances268
Active participants135
Employer contributions$750,300
Employee contributions$1,458,682
Employer contribution per active participant$5,558
Average account balance$172,348
Benefits paid to participants$3,951,934
Plan auditUnmodified (clean) audit opinion
AuditorANCHIN, BLOCK & ANCHIN
Plan history3
Yearassets · accounts · employer contribution
2024$45.9M · 194 accts · $874K emplr
2023$46.2M · 268 accts · $750K emplr
2022$42.4M · 261 accts · $792K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$144,793
Total administrative$144,793
The Peckar & Abramson, PC 401(k) match · 2023
Employer contribution per active participant$5,558
Median for plans this size$2,440
2024$6,110 per active participant
2023$5,558 per active participant
2022$5,243 per active participant

Peckar & Abramson, PC's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20235
COMMONWEALTH EQUITY SERVICES LLC · Investment advisory (plan)$125,612
ASSOCIATED PENSION CONSULTANTS · Contract administrator$14,416
EMPOWER ADVISORY GROUP, LLC · Investment management$3,501

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$171,719 · 0.37%
2023$144,793 · 0.33%
2022$237,797 · 0.49%
Same employer
Similar plansProfessional & Technical Services · New Jersey
Composecure, LLC NJ$48.1M · 0.11%
Benecard Services, Inc. NJ$46.7M · 0.30%
Rcg Global Services, Inc. NJ$46.3M · 0.25%
Princeton Consultants, Inc. NJ$45.2M · 0.15%
Gsv Holding, LLC NJ$45.2M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222195219 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.