Plan Ledger DOL Form 5500 · updated monthly

Refac Optical Group401(k)

REFAC OPTICAL GROUP 401(K) PLAN · BLACKWOOD, NJ · plan year 2024

Reported admin expense ratio · 2024
0.24%

Refac Optical Group reported $53,600 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. 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 0.16% to 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,010th-largest of 2,419 plans among New Jersey employers on file, and the 3,412th of 11,911 in health care & social assistance. active participation has shrunk from 745 to 542 since 2022.

Plan summary
Net assets, end of year$22,274,338
Participants with balances957
Active participants542
Employer contributions—
Employee contributions$808,376
Employer contribution per active participant—
Average account balance$23,275
Benefits paid to participants$3,057,990
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.3M · 957 accts
2023$21.5M · 1,314 accts
2022$20.2M · 1,133 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,859
Investment management$716
Audit (IQPA)$18,025
Total administrative$53,600
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
USI CONSULTING GROUP · Claims processing · Recordkeeping$35,575

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

Recordkeeper by year2
2024USI Consulting
2023USI Consulting

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Administrative cost history3
2024$53,600 · 0.24%
2023$41,908 · 0.20%
2022$35,988 · 0.16%
Similar plansHealth Care & Social Assistance · New Jersey
Bpl Plasma, Inc. NJ$23.5M · 0.08%
Autism Speaks, Inc. NJ$23.2M · 0.34%
Pediatric Affiliates, P.A. NJ$23.1M · 0.56%
Eden Autism Services, Inc. NJ$22.3M · 1.27%
Fellowshiplife, Inc. NJ$22.2M · 0.77%
Care Plus Nj, Inc. NJ$22.0M · 0.37%
Pnp Pediatrics, LLC NJ$21.9M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 131681234 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.