Plan Ledger DOL Form 5500 · updated monthly

The Arc of Union County, Inc.401(k)

THE ARC OF UNION COUNTY, INC. RETIREMENT PLAN · SPRINGFIELD, NJ · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

The Arc of Union County, Inc. reported $37,424 in plan administrative expenses for 2024: 0.29% of average plan assets, above the peer median. Employer contributions averaged $1,424 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 0.84% to 0.29%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New Jersey (1,319th of 2,419), and the 4,786th of 11,911 in health care & social assistance. In 2024, the employer put in $1.21 for every $1.00 employees contributed themselves; active participation has grown from 341 to 414 since 2022.

Plan summary
Net assets, end of year$13,551,439
Participants with balances918
Active participants414
Employer contributions$589,591
Employee contributions$486,303
Employer contribution per active participant$1,424
Average account balance$14,762
Benefits paid to participants$693,115
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITH & BROWN PC
Plan history3
Yearassets · accounts · employer contribution
2024$13.6M · 918 accts · $590K emplr
2023$11.8M · 864 accts · $552K emplr
2022$10.1M · 828 accts · $532K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,700
Investment management$27,716
Total administrative$37,424
The The Arc of Union County, Inc. 401(k) match · 2024
Employer contribution per active participant$1,424
Median for plans this size$2,416
2024$1,424 per active participant
2023$1,495 per active participant
2022$1,561 per active participant

The Arc of Union County, Inc.'s 2024 employer contribution ran below 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 · 20245
NATIONWIDE LIFE INSURANCE · Investment advisory (participants) · Investment advisory (plan)$44,888
STADION MONEY MANAGEMENT · Insurance broker$19,084
PLANNED FINANCIAL PROGRAMS · Contract administrator$9,816
IRON-CO-FID-COMPREHENSIVE · Investment management$6,440
CETERA ADVISOR NETWORKS LLC · Investment managementindirect comp

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

Administrative cost history3
2024$37,424 · 0.29%
2023$90,305 · 0.82%
2022$91,521 · 0.84%
Same employer
Similar plansHealth Care & Social Assistance · New Jersey
Twin Boro Management, LLC NJ$14.2M · 0.44%
Allies Inc. NJ$13.8M · 0.39%
Medemerge, LLC NJ$13.6M · 0.03%
Salem County Hospital NJ$13.3M · 0.67%

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Source: U.S. Department of Labor, Form 5500 series, EIN 221686764 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.