Plan Ledger DOL Form 5500 · updated monthly

Strato, Inc.401(k)

STRATO, INC. 401(K) PROFIT SHARING PLAN · PISCATAWAY, NJ · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Strato, Inc. reported $93,907 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $5,121 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 3 years on file its reported administrative ratio has held roughly steady near 0.410%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 973rd-largest of 2,419 plans among New Jersey employers on file, and the 5,336th of 13,661 in manufacturing. In 2024, employees put in $1.75 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,565,529
Participants with balances139
Active participants99
Employer contributions$506,947
Employee contributions$885,793
Employer contribution per active participant$5,121
Average account balance$169,536
Benefits paid to participants$3,557,699
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.6M · 139 accts · $507K emplr
2023$22.3M · 132 accts · $333K emplr
2022$21.8M · 130 accts · $345K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$93,907
Total administrative$93,907
The Strato, Inc. 401(k) match · 2024
Employer contribution per active participant$5,121
Median for plans this size$2,416
2024$5,121 per active participant
2023$3,264 per active participant
2022$3,520 per active participant

Strato, Inc.'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

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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$93,906
MORGAN STANLEY WILSHINSKY GROUP · Investment advisory (plan)indirect comp

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$93,907 · 0.41%
2023$107,691 · 0.49%
2022$95,522 · 0.41%
Similar plansManufacturing · New Jersey
Hudson Technologies Company NJ$23.8M · 0.25%
Grt US Holding, Inc. NJ$23.7M · 0.56%
Englert, Inc. NJ$23.5M · 0.26%
Generant Company, Inc. NJ$23.5M · 0.01%
Johanna Foods, Inc. NJ$23.0M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 221997382 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.