Plan Ledger DOL Form 5500 · updated monthly

Sharing Network Management Company, Inc401(k)

SHARING NETWORK MANAGEMENT COMPANY SAVINGS AND INVESTMENT PLAN · NEW PROVIDENCE, NJ · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Sharing Network Management Company, Inc reported $81,459 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $6,009 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 0.20% to 0.18%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 580th-largest of 2,419 plans among New Jersey employers on file, and the 1,901st of 11,911 in health care & social assistance. In 2024, employees put in $1.44 for every $1.00 the employer contributed; active participation has grown from 194 to 215 since 2022.

Plan summary
Net assets, end of year$49,119,443
Participants with balances292
Active participants215
Employer contributions$1,291,895
Employee contributions$1,861,999
Employer contribution per active participant$6,009
Average account balance$168,217
Benefits paid to participants$2,020,046
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$49.1M · 292 accts · $1.3M emplr
2023$42.3M · 271 accts · $1.4M emplr
2022$35.9M · 262 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,144
Investment management$79,315
Total administrative$81,459
The Sharing Network Management Company, Inc 401(k) match · 2024
Employer contribution per active participant$6,009
Median for plans this size$2,416
2024$6,009 per active participant
2023$7,089 per active participant
2022$5,322 per active participant

Sharing Network Management Company, Inc's 2024 employer contribution ran above the $2,416 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 · 20243
CETERA INVESTMENT ADVISORS LLC · Investment advisory (plan)$46,959
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (plan)$32,353
FIDELITY WORKPLACE SERVICES LLC · Plan administrator · Trustee (discretionary)$2,144

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$81,459 · 0.18%
2023$74,639 · 0.19%
2022$79,355 · 0.20%
Same employer
Similar plansHealth Care & Social Assistance · New Jersey
Tryko Partners, LLC NJ$51.1M · 0.21%
Complete Care LLC NJ$49.6M · 1.05%
Oaks Integrated Care, Inc. NJ$47.4M · 0.14%
Primary Care Partners, LLC NJ$45.1M · 0.33%
Valley Home Care, Inc. NJ$43.7M · 0.06%
Garden State Urology, LLC NJ$43.2M · 0.00%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 202737498 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.