Plan Ledger DOL Form 5500 · updated monthly

Sandy Alexander, Inc.401(k)

SANDY ALEXANDER, INC. RETIREMENT SAVINGS PLAN · CLIFTON, NJ · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Sandy Alexander, Inc. reported $86,406 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $0 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 0.26% to 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 807th-largest of 2,419 plans among New Jersey employers on file, and the 4,349th of 13,661 in manufacturing. active participation has grown from 268 to 312 since 2022.

Plan summary
Net assets, end of year$31,335,317
Participants with balances363
Active participants312
Employer contributions$0
Employee contributions$1,541,717
Employer contribution per active participant$0
Average account balance$86,323
Benefits paid to participants$5,356,108
Plan auditUnmodified (clean) audit opinion
AuditorBORIS BENIC AND ASSOCIATES LLP
Plan history3
Yearassets · accounts · employer contribution
2024$31.3M · 363 accts
2023$29.9M · 336 accts · $112K emplr
2022$27.5M · 334 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,251
Investment management$79,155
Total administrative$86,406
The Sandy Alexander, Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$2,416

Sandy Alexander, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
JOHN HANCOCK · Recordkeeping · Loan processing$86,567

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$86,406 · 0.28%
2023$78,527 · 0.27%
2022$79,910 · 0.26%
Same employer
Similar plansManufacturing · New Jersey
United Legwear Company LLC NJ$32.4M · 0.31%
A-V Services, Inc. NJ$32.3M · 0.00%
Powell Electronics, Inc. NJ$32.2M · 0.36%
Grant Industries, Inc. NJ$31.4M · 0.22%
Vdm Metals USA, LLC NJ$30.8M · 0.04%
Borealis Compounds, Inc. NJ$30.7M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 750460390 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.