Plan Ledger DOL Form 5500 · updated monthly

Seaview Orthopaedics & Medical Associates401(k)

SEAVIEW ORTHOPAEDICS 401(K) PLAN · OCEAN TOWNSHIP, NJ · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Seaview Orthopaedics & Medical Associates reported $152,407 in plan administrative expenses for 2024: 0.30% of average plan assets, higher than ~75% of peers. Employer contributions averaged $5,362 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 0.04% to 0.30%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 543rd-largest of 2,419 plans among New Jersey employers on file, and the 1,736th of 11,911 in health care & social assistance. In 2024, the employer put in $1.19 for every $1.00 employees contributed themselves; active participation has grown from 265 to 387 since 2022.

Plan summary
Net assets, end of year$54,627,900
Participants with balances431
Active participants387
Employer contributions$2,075,265
Employee contributions$1,739,519
Employer contribution per active participant$5,362
Average account balance$126,747
Benefits paid to participants$2,374,743
Plan auditUnmodified (clean) audit opinion
AuditorNSICOCCIA LLP
Plan history3
Yearassets · accounts · employer contribution
2024$54.6M · 431 accts · $2.1M emplr
2023$46.0M · 369 accts · $1.9M emplr
2022$36.8M · 337 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,901
Total administrative$152,407
The Seaview Orthopaedics & Medical Associates 401(k) match · 2024
Employer contribution per active participant$5,362
Median for plans this size$3,635
2024$5,362 per active participant
2023$5,203 per active participant
2022$6,173 per active participant

Seaview Orthopaedics & Medical Associates's 2024 employer contribution ran above 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
USI CONSULTING GROUP · Claims processing · Recordkeeping$4,645
CHARLES SCHWAB TRUST BANK · Custodial (securities) · Trusteeindirect 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
2024USI Consulting
2023USI Consulting

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

Administrative cost history3
2024$152,407 · 0.30%
2023$18,229 · 0.04%
2022$16,810 · 0.04%
Same employer
Similar plansHealth Care & Social Assistance · New Jersey
I.D. Care, LLC NJ$59.0M · 0.03%
Tryko Partners, LLC NJ$51.1M · 0.21%
Complete Care LLC NJ$49.6M · 1.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222398304 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.