Terranova Group, Inc401(k)
CHAPEL HILL ACADEMY 401(K) PROFIT SHARING PLAN · MONTVILLE, NJ · plan year 2022
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
Terranova Group, Inc reported $66,953 in plan administrative expenses for 2022: 0.23% of average plan assets, below the peer median. Employer contributions averaged $7,787 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 0.23% to 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other educational services employers. By assets it is the 799th-largest of 2,419 plans among New Jersey employers on file, and the 1,247th of 3,091 in educational services. In 2022, the employer put in $2.02 for every $1.00 employees contributed themselves.
Terranova Group, Inc's 2022 employer contribution ran above the $2,266 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 223218734 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.