Plan Ledger DOL Form 5500 · updated monthly

Scentbird Inc401(k)

SCENTBIRD INC 401(K) · MONROE TWP, NJ · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Scentbird Inc reported $12,376 in plan administrative expenses for 2024: 0.35% of average plan assets, below the peer median. Employer contributions averaged $4,525 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 0.54% to 0.35%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in New Jersey (1,955th of 2,419), and 4,005th of 5,215 in retail trade. In 2024, employees put in $1.74 for every $1.00 the employer contributed; active participation has grown from 57 to 75 since 2022.

Plan summary
Net assets, end of year$4,151,844
Participants with balances122
Active participants75
Employer contributions$339,351
Employee contributions$589,912
Employer contribution per active participant$4,525
Average account balance$34,032
Benefits paid to participants$379,525
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.2M · 122 accts · $339K emplr
2023$3.0M · 141 accts · $272K emplr
2022$2.2M · 138 accts · $267K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,376
Total administrative$12,376
The Scentbird Inc 401(k) match · 2024
Employer contribution per active participant$4,525
Median for plans this size$1,313
2024$4,525 per active participant
2023$4,125 per active participant
2022$4,681 per active participant

Scentbird Inc's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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

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

Administrative cost history3
2024$12,376 · 0.35%
2023$9,888 · 0.38%
2022$10,987 · 0.54%
Similar plansRetail Trade · New Jersey
F.C. Kerbeck & Sons NJ$4.8M · 0.35%
Riggins, Inc. NJ$3.7M · 0.42%
Hearx West, LLC NJ$3.2M · 0.75%

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Source: U.S. Department of Labor, Form 5500 series, EIN 471032933 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.