Plan Ledger DOL Form 5500 · updated monthly

The Arc/Morris County Chapter, Nj401(k)

403B THRIFT PLAN FOR EMPLOYEES OF THE ARC/MORRIS COUNTY CHAPTER (NJ), INC. · MORRIS PLAINS, NJ · plan year 2022

Reported admin expense ratio · 2022
0.02%

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

The Arc/Morris County Chapter, Nj reported $2,267 in plan administrative expenses for 2022: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,384 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 0.02% to 0.59%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in New Jersey (1,556th of 2,419), and 1,708th of 3,341 in other services. In 2022, the employer put in $1.78 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$9,422,541
Participants with balances353
Active participants305
Employer contributions$422,269
Employee contributions$237,505
Employer contribution per active participant$1,384
Average account balance$26,693
Benefits paid to participants$278,139
Plan auditUnmodified (clean) audit opinion
AuditorMCINTEE FUSARO DEL CORRAL, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$7.7M · 328 accts · $652K emplr
2023$6.7M · 365 accts · $518K emplr
2022$9.4M · 353 accts · $422K emplr
Administrative expenses, itemized · 2022
Investment management$2,267
Total administrative$2,267
The The Arc/Morris County Chapter, Nj 401(k) match · 2022
Employer contribution per active participant$1,384
Median for plans this size$1,114
2024$1,720 per active participant
2023$1,700 per active participant
2022$1,384 per active participant

The Arc/Morris County Chapter, Nj's 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024Ascensus
2023Ascensus

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Administrative cost history3
2024$42,336 · 0.59%
2023$14,143 · 0.18%
2022$2,267 · 0.02%
Same employer
Similar plansOther Services · New Jersey
I.B.E.W. Local 1158 NJ$11.6M · 0.98%
Ncaar-Bh NJ$9.8M · 0.78%
Kingsway Learning Center NJ$9.1M · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 221629144 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.