Plan Ledger DOL Form 5500 · updated monthly

R & D Altanova401(k)

R & D CIRCUITS 401(K) PLAN · SOUTH PLAINFIELD, NJ · plan year 2022

Reported admin expense ratio · 2022
0.07%

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

R & D Altanova reported $7,328 in plan administrative expenses for 2022: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $947 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in New Jersey (1,532nd of 2,419), and 8,909th of 13,661 in manufacturing. In 2022, employees put in $2.91 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,758,141
Participants with balances270
Active participants381
Employer contributions$360,858
Employee contributions$1,048,916
Employer contribution per active participant$947
Average account balance$36,141
Benefits paid to participants$1,015,886
Plan auditUnmodified (clean) audit opinion
AuditorFORVIS LLP
Plan history2
Yearassets · accounts · employer contribution
2023$0
2022$9.8M · 270 accts · $361K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$7,328
Total administrative$7,328
The R & D Altanova 401(k) match · 2022
Employer contribution per active participant$947
Median for plans this size$2,266

R & D Altanova's 2022 employer contribution ran below the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$7,328 · 0.07%
Similar plansManufacturing · New Jersey
Fabuwood Cabinetry Corp. NJ$9.8M · 0.70%
Beacon Converters, Inc. NJ$9.7M · 0.53%
Takara Belmont USA, Inc. NJ$9.7M · 0.34%
Ics Corporation NJ$9.7M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 221962894 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.