Plan Ledger DOL Form 5500 · updated monthly

Port Imperial Ferry Corp.401(k)

PORT IMPERIAL FERRY CORP. 401(K) PLAN · WEEHAWKEN, NJ · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Port Imperial Ferry Corp. reported $43,058 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $552 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 0.31% to 0.29%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 1,183rd-largest of 2,419 plans among New Jersey employers on file, and the 855th of 2,677 in transportation & warehousing. In 2024, employees put in $8.38 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,371,899
Participants with balances147
Active participants168
Employer contributions$92,762
Employee contributions$777,484
Employer contribution per active participant$552
Average account balance$111,373
Benefits paid to participants$353,231
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.4M · 147 accts · $93K emplr
2023$13.7M · 165 accts · $95K emplr
2022$12.7M · 165 accts · $92K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,963
Investment management$26,095
Total administrative$43,058
The Port Imperial Ferry Corp. 401(k) match · 2024
Employer contribution per active participant$552
Median for plans this size$2,416
2024$552 per active participant
2023$592 per active participant
2022$555 per active participant

Port Imperial Ferry Corp.'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 · 20243
CADARET GRANT & CO INC · Recordkeeping · Trustee$26,095
ADP, INC. · Loan processing · Recordkeeping$16,963
ADP BROKER-DEALERindirect 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
2024ADP, CADARET GRANT & CO INC
2023ADP, CADARET GRANT & CO INC

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

Administrative cost history3
2024$43,058 · 0.29%
2023$42,469 · 0.32%
2022$42,817 · 0.31%
Same employer
Similar plansTransportation & Warehousing · New Jersey
Ecg NJ$19.3M · 0.36%
System Freight, Inc. NJ$15.2M · 0.71%
Hermann Services, Inc. NJ$15.1M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223141288 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.