Plan Ledger DOL Form 5500 · updated monthly

Pskw, LLC401(k)

CONNECTIVERX RETIREMENT SAVINGS PLAN · WHIPPANY, NJ · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Pskw, LLC reported $163,533 in plan administrative expenses for 2024: 0.24% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,852 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 0.25% to 0.24%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 439th-largest of 2,419 plans among New Jersey employers on file, and the 1,363rd of 11,911 in health care & social assistance. In 2024, employees put in $1.67 for every $1.00 the employer contributed; active participation has grown from 1,234 to 1,431 since 2022.

Plan summary
Net assets, end of year$75,001,480
Participants with balances1,806
Active participants1,431
Employer contributions$4,081,891
Employee contributions$6,823,909
Employer contribution per active participant$2,852
Average account balance$41,529
Benefits paid to participants$8,953,260
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$75.0M · 1,806 accts · $4.1M emplr
2023$63.0M · 1,696 accts · $3.6M emplr
2022$49.2M · 1,586 accts · $3.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$109,275
Investment management$35,534
Trustee / custodial$18,724
Total administrative$163,533
The Pskw, LLC 401(k) match · 2024
Employer contribution per active participant$2,852
Median for plans this size$3,635
2024$2,852 per active participant
2023$2,585 per active participant
2022$2,714 per active participant

Pskw, LLC's 2024 employer contribution ran below the $3,635 median for plans its size. 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
NEWPORT GROUP, INC. · Recordkeeping$109,275
PNC INSTITUTIONAL ASSET MANAGEMENT · Investment advisory (participants) · Investment advisory (plan)$35,534
NEWPORT TRUST COMPANY · Trustee · Trustee (directed)$18,724

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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Administrative cost history3
2024$163,533 · 0.24%
2023$138,424 · 0.25%
2022$130,053 · 0.25%
Same employer
Similar plansHealth Care & Social Assistance · New Jersey
Care One Management, LLC NJ$85.4M · 0.42%
Careplus Bergen Inc. NJ$78.0M · 0.44%
Vna Health Group, Inc. NJ$72.2M · 0.19%
Ivi America LLC NJ$68.9M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 203058721 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.