Plan Ledger DOL Form 5500 · updated monthly

Sharp Electronics Corporation401(k)

THE SHARP EMPLOYEES SAVINGS AND INVESTMENT PLAN · MONTVALE, NJ · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Sharp Electronics Corporation reported $226,272 in plan administrative expenses for 2024: 0.05% of average plan assets, below the peer median. Employer contributions averaged $3,842 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 0.07% to 0.05%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other wholesale trade employers. By assets it is the 125th-largest of 2,419 plans among New Jersey employers on file, and the 99th of 4,246 in wholesale trade. In 2024, employees put in $2.57 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$472,416,459
Participants with balances2,581
Active participants1,692
Employer contributions$6,500,554
Employee contributions$16,713,345
Employer contribution per active participant$3,842
Average account balance$183,036
Benefits paid to participants$42,742,681
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$472.4M · 2,581 accts · $6.5M emplr
2023$383.7M · 2,525 accts · $5.8M emplr
2022$332.4M · 2,547 accts · $5.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$117,362
Investment management$78,000
Audit (IQPA)$14,500
Total administrative$226,272
The Sharp Electronics Corporation 401(k) match · 2024
Employer contribution per active participant$3,842
Median for plans this size$4,294
2024$3,842 per active participant
2023$3,421 per active participant
2022$3,534 per active participant

Sharp Electronics Corporation's 2024 employer contribution ran below the $4,294 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 · 20245
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping$114,793
CAPFINANCIAL PARTNERS LLC · Investment advisory (participants) · Investment management$78,000
DAY PITNEY LLP · Legal$18,979
OCONNOR DAVIES LLP · Accounting / audit$14,500
CHARLES SCHWAB & CO., INC. · Securities brokerageindirect 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
2024Charles Schwab
2023Charles Schwab

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

Administrative cost history3
2024$226,272 · 0.05%
2023$221,663 · 0.06%
2022$252,092 · 0.07%
Same employer
Similar plansWholesale Trade · New Jersey
Pvh Corp NJ$827.6M · 0.06%
Ralph Lauren Corporation NJ$826.6M · 0.07%
Subaru of America , Inc. NJ$525.8M · 0.00%
Wakefern Food Corp. NJ$478.5M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 131968872 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.