Plan Ledger DOL Form 5500 · updated monthly

R Wireless of Nj Inc401(k)

R WIRELESS 401(K) PLAN · MOORESTOWN, NJ · plan year 2024

Reported admin expense ratio · 2024
1.58%

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

R Wireless of Nj Inc reported $15,102 in plan administrative expenses for 2024: 1.58% of average plan assets, above the peer median. Employer contributions averaged $456 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 rose from 1.11% to 1.58%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in New Jersey (2,225th of 2,419), and 4,941st of 5,215 in retail trade. In 2024, employees put in $5.39 for every $1.00 the employer contributed; active participation has grown from 126 to 151 since 2022.

Plan summary
Net assets, end of year$1,092,766
Participants with balances136
Active participants151
Employer contributions$68,907
Employee contributions$371,681
Employer contribution per active participant$456
Average account balance$8,035
Benefits paid to participants$263,648
Plan auditUnmodified (clean) audit opinion
AuditorBACHELER AND COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$1.1M · 136 accts · $69K emplr
2023$815K · 213 accts · $73K emplr
2022$423K · 177 accts · $47K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,102
Total administrative$15,102
The R Wireless of Nj Inc 401(k) match · 2024
Employer contribution per active participant$456
Median for plans this size$540
2024$456 per active participant
2023$563 per active participant
2022$369 per active participant

R Wireless of Nj Inc's 2024 employer contribution ran below the $540 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 · 20241
ADP, INC. · Loan processing · Recordkeeping$15,101

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$15,102 · 1.58%
2023$6,825 · 1.10%
2022$3,210 · 1.11%
Similar plansRetail Trade · New Jersey
Charles S. Winner, Inc. NJ$1.8M · 0.89%
Carlos Bakery Inc NJ$1.1M · 0.78%
New Classic Cooking LLC NJ$695K · 1.12%
Maxon Hyundai NJ$511K · 0.90%
Dbm Management Group, LLC NJ$262K · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 812497892 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.