What are the fees in the SPECTRUM360 Profit-sharing plan plan?

For plan year 2024, SPECTRUM360 reported $48,390 in plan administrative expenses, or 0.27% of average plan assets — below the peer median. Fund-level expense ratios are not included in public filings.

How much does SPECTRUM360 contribute to its Profit-sharing plan?

In 2024, employer contributions to the SPECTRUM360 plan averaged $5,554 per active participant, above the $2,416 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the SPECTRUM360 401(k)?

The average participant account balance was $66,078 for plan year 2024, based on 277 accounts.

SPECTRUM360Profit-sharing plan

Name: SPECTRUM360 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

ACADEMY360 LOWER SCHOOL PROFIT SHARING PLAN · VERONA, NJ · plan year 2024

Reported admin expense ratio · 2024

0.27%

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

SPECTRUM360 reported $48,390 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $5,554 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 1,115th-largest of 2,419 plans among New Jersey employers on file, and 1,655th of 3,091 in educational services.

Plan summary
Net assets, end of year$18,303,694
Participants with balances277
Active participants184
Employer contributions$1,022,000
Employee contributions—
Employer contribution per active participant$5,554
Average account balance$66,078
Benefits paid to participants$2,062,985
Plan auditUnmodified (clean) audit opinion
AuditorSMOLIN, LUPIN & CO., LLC

Administrative expenses, itemized · 2024

Recordkeeping & contract admin$48,390

Total administrative$48,390

Employer contributions to the SPECTRUM360 plan · 2024

Employer contribution per active participant$5,554

Median for plans this size$2,416

SPECTRUM360'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

Your balance

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2024$48,390 · 0.27%

Same employer

SPECTRUM360's health & benefits plan: carriers, premiums & broker pay

Similar plansEducational Services · New Jersey
The Elisabeth Morrow School NJ$21.0M · 0.37%
P.G. Chambers School, Inc. NJ$20.5M · 0.24%
The Community School, Inc. NJ$20.3M
Global Association of Risk Profe NJ$19.4M · 0.01%
Saddle River Day School, Inc. NJ$17.9M · 0.20%
The Phoenix Center, Inc. NJ$17.2M · 0.15%
Golda Och Academy NJ$17.0M · 0.27%
Rks Associates NJ$15.8M · 0.46%

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Fee benchmarks by plan size

Source: U.S. Department of Labor, Form 5500 series, EIN 221500529 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.