Plan Ledger DOL Form 5500 · updated monthly

Poy Holdings LLC401(k)

POY HOLDINGS LLC 401(K) SAVINGS PLAN · TOTOWA, NJ · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Poy Holdings LLC reported $66,743 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $768 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 rose from 0.19% to 0.43%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,206th-largest of 2,419 plans among New Jersey employers on file, and 2,293rd of 4,246 in wholesale trade. In 2024, employees put in $1.89 for every $1.00 the employer contributed; active participation has grown from 599 to 800 since 2022.

Plan summary
Net assets, end of year$15,768,310
Participants with balances292
Active participants800
Employer contributions$614,390
Employee contributions$1,163,045
Employer contribution per active participant$768
Average account balance$54,001
Benefits paid to participants$3,383,020
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.8M · 292 accts · $614K emplr
2023$15.6M · 264 accts · $499K emplr
2022$13.4M · 232 accts · $470K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$66,743
Total administrative$66,743
The Poy Holdings LLC 401(k) match · 2024
Employer contribution per active participant$768
Median for plans this size$2,416
2024$768 per active participant
2023$734 per active participant
2022$785 per active participant

Poy Holdings 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$66,743
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)indirect comp
MAI CAPITAL MANAGEMENT, LLC · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$66,743 · 0.43%
2023$51,145 · 0.35%
2022$28,034 · 0.19%
Same employer
Similar plansWholesale Trade · New Jersey
Extra Sportswear, LTD. NJ$15.9M · 0.09%
Exeltis USA Inc NJ$15.8M · 0.11%
Blue Raven Solutions, LLC NJ$15.5M · 0.53%
Crp Industries, Inc. NJ$15.0M · 0.00%
Gma Accessories Inc. NJ$14.6M · 0.65%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204159078 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.