Plan Ledger DOL Form 5500 · updated monthly

Psychogenics Inc.401(k)

PSYCHOGENICS, INC. 401(K) PLAN · PARAMUS, NJ · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Psychogenics Inc. reported $57,528 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $2,857 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 0.38% to 0.35%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,116th-largest of 2,419 plans among New Jersey employers on file, and 5,876th of 11,654 in professional & technical services. In 2024, employees put in $2.75 for every $1.00 the employer contributed; active participation has grown from 105 to 167 since 2022.

Plan summary
Net assets, end of year$18,250,776
Participants with balances229
Active participants167
Employer contributions$477,063
Employee contributions$1,310,794
Employer contribution per active participant$2,857
Average account balance$79,698
Benefits paid to participants$222,270
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$18.3M · 229 accts · $477K emplr
2023$14.3M · 199 accts · $409K emplr
2022$11.0M · 143 accts · $354K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,725
Investment management$37,803
Total administrative$57,528
The Psychogenics Inc. 401(k) match · 2024
Employer contribution per active participant$2,857
Median for plans this size$2,416
2024$2,857 per active participant
2023$2,246 per active participant
2022$3,372 per active participant

Psychogenics Inc.'s 2024 employer contribution ran above the $2,416 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 · 20242
CORRELL CO · Recordkeeping$19,725
MORGAN STANLEY WEALTH MANAGEMENT · Actuarial · Investment management$37,803

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

Recordkeeper by year2
2024CORRELL CO
2023CORRELL CO

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

Administrative cost history3
2024$57,528 · 0.35%
2023$48,076 · 0.38%
2022$44,003 · 0.38%
Similar plansProfessional & Technical Services · New Jersey
Naik Consulting Group, P.C. NJ$18.4M · 0.34%
Augustine Consulting, Inc. NJ$18.4M · 0.55%
Neuraflash, LLC NJ$18.0M · 0.03%
Asembia, LLC NJ$17.8M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141989159 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.