Plan Ledger DOL Form 5500 · updated monthly

The Arc of Monmouth, Inc.401(k)

SAFE-HARBOR 403(B) THRIFT PLAN FOR THE ARC OF MONMOUTH, INC. · TINTON FALLS, NJ · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

The Arc of Monmouth, Inc. reported $1,779 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $318 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 3 years on file its reported administrative ratio has held roughly steady near 0.021%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New Jersey (1,598th of 2,419), and 6,140th of 11,911 in health care & social assistance. In 2024, employees put in $1.70 for every $1.00 the employer contributed; active participation has grown from 455 to 663 since 2022.

Plan summary
Net assets, end of year$8,748,310
Participants with balances198
Active participants663
Employer contributions$210,717
Employee contributions$358,508
Employer contribution per active participant$318
Average account balance$44,183
Benefits paid to participants$1,033,263
Plan auditUnmodified (clean) audit opinion
AuditorHOLMAN FRENIA ALLISON, PC
Plan history3
Yearassets · accounts · employer contribution
2024$8.7M · 198 accts · $211K emplr
2023$8.3M · 208 accts · $192K emplr
2022$7.7M · 206 accts · $170K emplr
The The Arc of Monmouth, Inc. 401(k) match · 2024
Employer contribution per active participant$318
Median for plans this size$1,313
2024$318 per active participant
2023$335 per active participant
2022$374 per active participant

The Arc of Monmouth, Inc.'s 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$1,779

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$1,779 · 0.02%
2023$1,189 · 0.01%
2022$1,698 · 0.02%
Same employer
Similar plansHealth Care & Social Assistance · New Jersey
Cape Atlantic Ink Inc NJ$8.9M · 0.51%
Heath Village NJ$8.6M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 210657022 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.