Plan Ledger DOL Form 5500 · updated monthly

Sheng-Raamco Management, Inc.401(k)

SHENG-RAAMCO MANAGEMENT INC. 401(K) PLAN · ENGLEWOOD CLIFFS, NJ · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Sheng-Raamco Management, Inc. reported $20,902 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $498 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 0.39% to 0.27%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in New Jersey (1,668th of 2,419), and 1,268th of 2,096 in real estate & leasing. In 2024, employees put in $5.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,862,466
Participants with balances118
Active participants140
Employer contributions$69,663
Employee contributions$375,567
Employer contribution per active participant$498
Average account balance$66,631
Benefits paid to participants$880,611
Plan auditUnmodified (clean) audit opinion
AuditorBDG-CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$7.9M · 118 accts · $70K emplr
2023$7.4M · 115 accts · $69K emplr
2022$6.3M · 115 accts · $72K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,902
Total administrative$20,902
The Sheng-Raamco Management, Inc. 401(k) match · 2024
Employer contribution per active participant$498
Median for plans this size$1,313
2024$498 per active participant
2023$509 per active participant
2022$548 per active participant

Sheng-Raamco Management, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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
ADP, INC. · Recordkeeping$20,902
ADP BROKER-DEALER · Other servicesindirect 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
2024ADP
2023ADP

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

Administrative cost history3
2024$20,902 · 0.27%
2023$16,937 · 0.25%
2022$27,012 · 0.39%
Same employer
Similar plansReal Estate & Leasing · New Jersey
Taylor Management Company NJ$8.6M · 0.75%
Tallen, Inc. NJ$7.9M · 0.33%
Ulma Form Works, Inc NJ$6.9M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223139680 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.