Plan Ledger DOL Form 5500 · updated monthly

Spectrum Laboratory Products, Inc.401(k)

SPECTRUM LABORATORY PRODUCTS, INC. 401(K) PLAN · NEW BRUNSWICK, NJ · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Spectrum Laboratory Products, Inc. reported $83,509 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $3,787 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 0.39% to 0.42%. 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 1,029th-largest of 2,419 plans among New Jersey employers on file, and the 1,774th of 4,246 in wholesale trade. In 2024, employees put in $1.38 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,668,362
Participants with balances297
Active participants207
Employer contributions$783,903
Employee contributions$1,080,566
Employer contribution per active participant$3,787
Average account balance$72,957
Benefits paid to participants$1,015,785
Plan auditUnmodified (clean) audit opinion
AuditorLUCAS, HORSFALL,MURPHY & PINDRO LLP
Plan history3
Yearassets · accounts · employer contribution
2024$21.7M · 297 accts · $784K emplr
2023$17.8M · 267 accts · $639K emplr
2022$16.6M · 258 accts · $400K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$83,509
Total administrative$83,509
The Spectrum Laboratory Products, Inc. 401(k) match · 2024
Employer contribution per active participant$3,787
Median for plans this size$2,416
2024$3,787 per active participant
2023$3,651 per active participant
2022$2,075 per active participant

Spectrum Laboratory Products, 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 · 20241
JOHN HANCOCK TRUST COMPANY LLC · Recordkeeping$30,985

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$83,509 · 0.42%
2023$73,517 · 0.43%
2022$74,292 · 0.39%
Same employer
Similar plansWholesale Trade · New Jersey
High Grade Beverage NJ$22.7M · 0.09%
Paige Electric Co., L.P. NJ$22.7M · 0.25%
Wallpaper Imports Inc. NJ$22.2M · 0.06%
General Trading Co., Inc. NJ$21.2M · 0.29%
Jesco, Inc. NJ$20.8M · 0.55%
Rvl Pharmaceuticals, Inc. NJ$19.6M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 952750225 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.