Plan Ledger DOL Form 5500 · updated monthly

Sportscare Institute Inc.401(k)

SPORTSCARE 401(K) PLAN · EAST HANOVER, NJ · plan year 2024

Reported admin expense ratio · 2024
0.67%

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

Sportscare Institute Inc. reported $86,552 in plan administrative expenses for 2024: 0.67% of average plan assets, higher than ~90% of peers. Employer contributions averaged $0 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 0.73% to 0.67%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New Jersey (1,291st of 2,419), and the 4,639th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$14,199,661
Participants with balances263
Active participants289
Employer contributions$0
Employee contributions$1,116,773
Employer contribution per active participant$0
Average account balance$53,991
Benefits paid to participants$360,513
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.2M · 263 accts
2023$11.8M · 269 accts · $63K emplr
2022$10.6M · 273 accts · $129K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,942
Investment management$55,610
Total administrative$86,552
The Sportscare Institute Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$2,416
2023$216 per active participant
2022$483 per active participant

Sportscare Institute Inc.'s 2024 employer contribution ran below the $2,416 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
PARK AVENUE SECURITIES, LLC · Recordkeeping · Pension consulting$48,642
ADP, INC. · Loan processing · Recordkeeping$30,941
NPPG FIDUCIARY SERVICES LLC · Recordkeeping · Pension consulting$3,438

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, NPPG FIDUCIARY SERVICES LLC, PARK AVENUE SECURITIES, LLC
2023ADP, NPPG FIDUCIARY SERVICES LLC, PARK AVENUE SECURITIES, LLC

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Administrative cost history3
2024$86,552 · 0.67%
2023$80,319 · 0.72%
2022$82,948 · 0.73%
Same employer
Similar plansHealth Care & Social Assistance · New Jersey
Collagen Matrix Inc NJ$14.3M · 0.01%
Twin Boro Management, LLC NJ$14.2M · 0.44%
Allies Inc. NJ$13.8M · 0.39%
Medemerge, LLC NJ$13.6M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223508415 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.