Plan Ledger DOL Form 5500 · updated monthly

Prestige Management Services, Inc.401(k)

PRESTIGE EMPLOYEES' 401(K) PLAN · MAHWAH, NJ · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Prestige Management Services, Inc. reported $74,323 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $425 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 0.39%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 1,081st-largest of 2,419 plans among New Jersey employers on file, and the 1,455th of 5,215 in retail trade. In 2024, employees put in $14.92 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,988,946
Participants with balances300
Active participants96
Employer contributions$40,771
Employee contributions$608,404
Employer contribution per active participant$425
Average account balance$66,630
Benefits paid to participants$1,716,178
Plan auditUnmodified (clean) audit opinion
AuditorBOWMAN & COMPANY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$20.0M · 300 accts · $41K emplr
2023$18.4M · 86 accts · $29K emplr
2022$16.3M · 277 accts · $41K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$46,323
Investment management$28,000
Total administrative$74,323
The Prestige Management Services, Inc. 401(k) match · 2024
Employer contribution per active participant$425
Median for plans this size$2,416
2024$425 per active participant
2023$272 per active participant
2022$456 per active participant

Prestige Management Services, Inc.'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
ONEAMERICA RETIREMENT SERVICES, LLC · Recordkeeping · Loan processing$46,323
LEGACY ADVISORS, LLC · Investment advisory (plan)$28,000
MATRIX TRUST COMPANY · Custodial (securities) · Trusteeindirect 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
2024OneAmerica
2023OneAmerica

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

Administrative cost history3
2024$74,323 · 0.39%
2023$69,174 · 0.40%
2022$71,709 · 0.40%
Similar plansRetail Trade · New Jersey
H Mart Inc. NJ$22.7M · 0.78%
J.R. Group, Inc. NJ$21.8M · 0.01%
Builders General Supply NJ$21.6M · 0.31%
Brown's Super Stores, Inc. NJ$18.8M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222973924 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.