Plan Ledger DOL Form 5500 · updated monthly

Swk Technologies401(k)

SWK TECHNOLOGIES 401(K) PROFIT SHARING PLAN & TRUST · EAST HANOVER, NJ · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Swk Technologies reported $55,403 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $2,918 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 0.46% to 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New Jersey (1,268th of 2,419), and 6,668th of 11,654 in professional & technical services. In 2024, employees put in $3.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,632,283
Participants with balances256
Active participants183
Employer contributions$533,935
Employee contributions$1,695,989
Employer contribution per active participant$2,918
Average account balance$57,157
Benefits paid to participants$1,063,396
Plan auditUnmodified (clean) audit opinion
AuditorPKF O?CONNOR DAVIES, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$14.6M · 256 accts · $534K emplr
2023$11.8M · 248 accts · $263K emplr
2022$8.6M · 253 accts · $216K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,676
Investment management$32,867
Trustee / custodial$860
Total administrative$55,403
The Swk Technologies 401(k) match · 2024
Employer contribution per active participant$2,918
Median for plans this size$2,416
2024$2,918 per active participant
2023$1,389 per active participant
2022$1,269 per active participant

Swk Technologies's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PAYCHEX, INC. · Recordkeeping$21,908
VALMARK ADVISERS, INC. · Investment advisory (participants)$30,341

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Paychex
2023Paychex, VALMARK ADVISORS INC

This plan has changed recordkeepers within these filings. If you left Swk Technologies before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$55,403 · 0.42%
2023$51,906 · 0.51%
2022$43,350 · 0.46%
Same employer
Similar plansProfessional & Technical Services · New Jersey
Horizon Group USA, Inc. NJ$14.7M · 0.49%
Genesis Research LLC NJ$14.7M · 0.27%
Burlington Automotive Group NJ$14.6M · 0.29%
Caregility Corporation NJ$14.5M · 0.02%
Exzac, Inc. NJ$14.5M · 0.09%
Northstar Vets NJ$14.4M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 412137529 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.