Plan Ledger DOL Form 5500 · updated monthly

Saker Shoprites, Inc.401(k)

SAKER SHOPRITES, INC. 401K PLAN · HOLMDEL, NJ · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Saker Shoprites, Inc. reported $106,456 in plan administrative expenses for 2024: 0.10% of average plan assets, below the peer median. Employer contributions averaged $2,278 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 0.11% to 0.10%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other retail trade employers. By assets it is the 354th-largest of 2,419 plans among New Jersey employers on file, and the 360th of 5,215 in retail trade. In 2024, employees put in $3.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$105,851,321
Participants with balances857
Active participants707
Employer contributions$1,610,776
Employee contributions$4,924,116
Employer contribution per active participant$2,278
Average account balance$123,514
Benefits paid to participants$13,151,181
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$105.9M · 857 accts · $1.6M emplr
2023$98.8M · 848 accts · $1.6M emplr
2022$87.2M · 804 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$106,456
Total administrative$106,456
The Saker Shoprites, Inc. 401(k) match · 2024
Employer contribution per active participant$2,278
Median for plans this size$3,635
2024$2,278 per active participant
2023$2,165 per active participant
2022$2,138 per active participant

Saker Shoprites, Inc.'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
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$106,456
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp
MORGAN STANLEY DEAN WITTER · Consultingindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$106,456 · 0.10%
2023$73,056 · 0.08%
2022$107,166 · 0.11%
Same employer
Similar plansRetail Trade · New Jersey
H&M Fashion USA, Inc. NJ$141.6M · 0.11%
The Children's Place, Inc. NJ$129.9M · 0.19%
Village Super Market, Inc. NJ$105.9M · 0.16%
Glass Gardens Inc NJ$101.9M · 0.04%
H & M Hennes & Mauritz, LP NJ$101.0M · 0.11%
Inserra Supermarkets, Inc. NJ$74.9M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 221729304 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.