Plan Ledger DOL Form 5500 · updated monthly

Spruce Technology, Inc.401(k)

SPRUCE TECHNOLOGY, INC. 401(K) PLAN · CLIFTON, NJ · plan year 2024

Reported admin expense ratio · 2024
0.65%

Spruce Technology, Inc. reported $36,634 in plan administrative expenses for 2024: 0.65% of average plan assets, above the peer median. 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 0.03% to 0.65%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New Jersey (1,803rd of 2,419), and 9,349th of 11,654 in professional & technical services. active participation has shrunk from 244 to 195 since 2022.

Plan summary
Net assets, end of year$6,124,039
Participants with balances132
Active participants195
Employer contributions—
Employee contributions$1,122,466
Employer contribution per active participant—
Average account balance$46,394
Benefits paid to participants$838,749
Plan auditUnmodified (clean) audit opinion
AuditorP&K CPAS LLC
Plan history3
Yearassets · accounts · employer contribution
2024$6.1M · 132 accts
2023$5.1M · 130 accts
2022$2.8M · 101 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,204
Investment management$13,430
Total administrative$36,634
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 · 20242
ADP, INC. · Loan processing · Recordkeeping$23,204
CADARET GRANT & CO INC · Recordkeeping · Trustee$13,429

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, CADARET GRANT & CO INC
2023ADP, CADARET GRANT & CO INC

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

Administrative cost history3
2024$36,634 · 0.65%
2023$25,395 · 0.64%
2022$848 · 0.03%
Same employer
Similar plansProfessional & Technical Services · New Jersey
Suburban Disposal Inc NJ$6.4M · 0.34%
Chw Group NJ$6.2M · 0.75%
Cobblestone Systems Corp NJ$6.0M · 0.03%
Leading Pharma, LLC NJ$5.9M · 0.70%
Apprentice Fs, Inc. NJ$5.9M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 205656502 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.