Plan Ledger DOL Form 5500 · updated monthly

Specified Technologies, Inc.401(k)

SPECIFIED TECHNOLOGIES, INC. 401(K) PLAN · BRANCHBURG, NJ · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Specified Technologies, Inc. reported $125,647 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $2,946 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 0.01% to 0.45%. 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 815th-largest of 2,419 plans among New Jersey employers on file, and the 1,334th of 4,246 in wholesale trade. In 2024, employees put in $3.03 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$30,737,390
Participants with balances218
Active participants201
Employer contributions$592,242
Employee contributions$1,797,303
Employer contribution per active participant$2,946
Average account balance$140,997
Benefits paid to participants$1,713,101
Plan auditUnmodified (clean) audit opinion
AuditorCOHN REZNIK
Plan history3
Yearassets · accounts · employer contribution
2024$30.7M · 218 accts · $592K emplr
2023$25.7M · 212 accts · $526K emplr
2022$20.3M · 220 accts · $483K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,785
Investment management$79,862
Total administrative$125,647
The Specified Technologies, Inc. 401(k) match · 2024
Employer contribution per active participant$2,946
Median for plans this size$2,416
2024$2,946 per active participant
2023$2,681 per active participant
2022$2,556 per active participant

Specified Technologies, Inc.'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 · 20243
SUMMIT FINANCIAL LLC · Investment advisory (plan)$64,798
EMPOWER ADVISORY GROUP, LLC · Investment management$8,143

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$125,647 · 0.45%
2023$87,933 · 0.38%
2022$3,102 · 0.01%
Same employer
Similar plansWholesale Trade · New Jersey
Myron Holding, Inc. NJ$33.2M · 0.34%
Nourison Industries, Inc. NJ$33.1M · 0.24%
Lollytogs, LTD. NJ$31.5M · 0.41%
Anderson & Vreeland NJ$30.3M · 0.05%
Porven, LTD. NJ$30.2M · 0.04%
Sigma International Group NJ$30.2M · 0.34%
Samsung C&T America, Inc. NJ$29.6M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133582584 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.