Plan Ledger DOL Form 5500 · updated monthly

Proven Brands, Inc.401(k)

PROVEN BRANDS, INC. 401(K) PLAN · HOBOKEN, NJ · plan year 2024

Reported admin expense ratio · 2024
2.33%

Proven Brands, Inc. reported $19,916 in plan administrative expenses for 2024: 2.33% of average plan assets, higher than ~75% of peers. 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.

The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in New Jersey (2,268th of 2,419), and 4,174th of 4,246 in wholesale trade.

Plan summary
Net assets, end of year$680,379
Participants with balances126
Active participants6
Employer contributions—
Employee contributions—
Employer contribution per active participant—
Average account balance$5,400
Benefits paid to participants$442,039
Plan auditDisclaimer of opinion
AuditorBDO USA
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,916
Total administrative$19,916
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.

Administrative cost history1
2024$19,916 · 2.33%
Similar plansWholesale Trade · New Jersey
Regent Cabinets, LLC NJ$1.2M · 1.63%
The Folsom Corporation NJ$954K · 0.12%
Humetis Group Inc. NJ$852K · 0.80%
Rlpr, Inc. NJ$414K · 0.04%
Applab Systems Inc NJ$22K · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 471354232 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.