Plan Ledger DOL Form 5500 · updated monthly

Tandem Management Company, LLC401(k)

APPLE 401(K) SAVINGS PLAN · HACKENSACK, NJ · plan year 2022

Reported admin expense ratio · 2022
0.18%

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

Tandem Management Company, LLC reported $24,529 in plan administrative expenses for 2022: 0.18% of average plan assets, below the peer median. Employer contributions averaged $0 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 rose from 0.18% to 0.39%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New Jersey (1,387th of 2,419), and the 5,087th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$12,253,837
Participants with balances198
Active participants277
Employer contributions$0
Employee contributions$439,199
Employer contribution per active participant$0
Average account balance$61,888
Benefits paid to participants$1,230,572
Plan auditUnmodified (clean) audit opinion
AuditorSAVASTANO, KAUFMAN & CO., LLC
Plan history3
Yearassets · accounts · employer contribution
2024$9.7M · 124 accts
2023$11.3M · 149 accts · $850 emplr
2022$12.3M · 198 accts
Administrative expenses, itemized · 2022
Investment management$953
Total administrative$24,529
The Tandem Management Company, LLC 401(k) match · 2022
Employer contribution per active participant$0
Median for plans this size$2,266

Tandem Management Company, LLC's 2022 employer contribution ran below the $2,266 median for plans its size, in the bottom 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$41,231 · 0.39%
2023$26,806 · 0.23%
2022$24,529 · 0.18%
Similar plansHealth Care & Social Assistance · New Jersey
Cfg Health Systems, L.L.C. NJ$13.1M · 0.39%
The Childsmiles Group, LLC NJ$13.1M · 0.45%
Kayal Medical Group LLC NJ$12.3M · 0.62%
Accurate Monitoring, LLC NJ$12.3M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223577393 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.