Plan Ledger DOL Form 5500 · updated monthly

Seiko Watch of America LLC401(k)

SEIKO WATCH OF AMERICA LLC SAVINGS AND INVESTMENT PLAN · UPPER SADDLE RIVER, NJ · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Seiko Watch of America LLC reported $7,885 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,725 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 3 years on file its reported administrative ratio has held roughly steady near 0.019%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 653rd-largest of 2,419 plans among New Jersey employers on file, and the 1,005th of 4,246 in wholesale trade. In 2024, employees put in $2.16 for every $1.00 the employer contributed; active participation has grown from 127 to 187 since 2022.

Plan summary
Net assets, end of year$41,004,055
Participants with balances216
Active participants187
Employer contributions$696,597
Employee contributions$1,506,371
Employer contribution per active participant$3,725
Average account balance$189,834
Benefits paid to participants$5,730,870
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$41.0M · 216 accts · $697K emplr
2023$40.9M · 236 accts · $660K emplr
2022$37.8M · 237 accts · $608K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,760
Total administrative$7,885
The Seiko Watch of America LLC 401(k) match · 2024
Employer contribution per active participant$3,725
Median for plans this size$2,416
2024$3,725 per active participant
2023$4,887 per active participant
2022$4,791 per active participant

Seiko Watch of America LLC's 2024 employer contribution ran above the $2,416 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 · 20241
EMPOWER ANNUITY INSURANCE COMPANY · Contract administrator · Recordkeeping$7,760

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

Recordkeeper by year2
2024Empower
2023Prudential

This plan has changed recordkeepers within these filings. If you left Seiko Watch of America LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$7,885 · 0.02%
2023$7,953 · 0.02%
2022$7,810 · 0.02%
Same employer
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Lapp Holding NA, Inc. NJ$44.3M · 0.21%
Glatt Air Techniques, Inc. NJ$43.5M · 0.12%
Control Associates, Inc. NJ$43.0M · 0.34%
Arena 3D Holdings NJ$40.9M · 0.05%
Peerless Beverage Co. NJ$40.9M · 0.20%
Interpace Biosciences NJ$40.2M · 0.01%
Mjh Shared Services, LLC NJ$40.1M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 831939971 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.