Plan Ledger DOL Form 5500 · updated monthly

Swank Tek Inc401(k)

SWANK TEK INC 401(K) PLAN · NUTLEY, NJ · plan year 2024

Reported admin expense ratio · 2024
0.02%

Swank Tek Inc reported $634 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. 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 0.01% to 0.02%. 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 (1,996th of 2,419), and 10,283rd of 11,654 in professional & technical services. active participation has shrunk from 159 to 139 since 2022.

Plan summary
Net assets, end of year$3,704,794
Participants with balances123
Active participants139
Employer contributions—
Employee contributions$532,639
Employer contribution per active participant—
Average account balance$30,120
Benefits paid to participants$462,578
Plan auditUnmodified (clean) audit opinion
AuditorDAVIDSON DOYLE & HILTON
Plan history3
Yearassets · accounts · employer contribution
2024$3.7M · 123 accts
2023$3.2M · 129 accts
2022$2.3M · 129 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$634
Total administrative$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 · 20243
ADP, INC. · Loan processing · Recordkeeping$634
ADP BROKER-DEALER · Other servicesindirect comp
M HOLDINGS SECURITIES · Other servicesindirect comp

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
2023ADP

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Administrative cost history3
2024$634 · 0.02%
2023$550 · 0.02%
2022$330 · 0.01%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 205101999 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.