Plan Ledger DOL Form 5500 · updated monthly

Sunrise Shoprite, Inc.401(k)

SUNRISE SHOPRITE, INC. EMPLOYEES' RETIREMENT PLAN · WEST CALDWELL, NJ · plan year 2023

Reported admin expense ratio · 2023
0.18%

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

Sunrise Shoprite, Inc. reported $27,913 in plan administrative expenses for 2023: 0.18% of average plan assets, below the peer median. Employer contributions averaged $1,901 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 1 year on file its reported administrative ratio rose from 0.17% to 0.18%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in New Jersey (1,212th of 2,419), and the 1,842nd of 5,215 in retail trade. In 2023, employees put in $4.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,689,711
Participants with balances89
Active participants72
Employer contributions$136,852
Employee contributions$575,253
Employer contribution per active participant$1,901
Average account balance$176,289
Benefits paid to participants$2,372,013
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$15.7M · 89 accts · $137K emplr
2022$15.1M · 100 accts · $150K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$27,913
Total administrative$27,913
The Sunrise Shoprite, Inc. 401(k) match · 2023
Employer contribution per active participant$1,901
Median for plans this size$2,440
2023$1,901 per active participant
2022$2,108 per active participant

Sunrise Shoprite, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$27,913
CLIFTONLARSONALLEN LLP · Accounting / auditindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · 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 history2
2023$27,913 · 0.18%
2022$27,938 · 0.17%
Similar plansRetail Trade · New Jersey
Ramsey Auto Group NJ$17.9M · 0.51%
Pine Belt Automotive, Inc. NJ$15.8M · 0.02%
Pierre Fabre USA NJ$15.2M · 0.42%
Ekornes Inc. NJ$14.5M · 0.04%
Bell Motor Cars, Inc. NJ$14.0M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 221589183 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.