Plan Ledger DOL Form 5500 · updated monthly

The Deron School of New Jersey, IncProfit-sharing plan

THE DERON SCHOOL RETIREMENT PLAN · UNION, NJ · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

The Deron School of New Jersey, Inc reported $4,248 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,352 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 0.03% to 0.02%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 938th-largest of 2,419 plans among New Jersey employers on file, and the 1,435th of 3,091 in educational services. active participation has grown from 120 to 202 since 2022.

Plan summary
Net assets, end of year$24,651,171
Participants with balances186
Active participants202
Employer contributions$1,283,153
Employee contributions—
Employer contribution per active participant$6,352
Average account balance$132,533
Benefits paid to participants$404,582
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.7M · 186 accts · $1.3M emplr
2023$21.2M · 146 accts · $973K emplr
2022$18.0M · 132 accts · $998K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,248
Total administrative$4,248
Employer contributions to the The Deron School of New Jersey, Inc plan · 2024
Employer contribution per active participant$6,352
Median for plans this size$2,416
2024$6,352 per active participant
2023$5,755 per active participant
2022$8,315 per active participant

The Deron School of New Jersey, Inc's 2024 employer contribution ran above the $2,416 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.

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
ALERUS FINANCIAL, N.A.$4,248

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$4,248 · 0.02%
2023$4,308 · 0.02%
2022$5,437 · 0.03%
Similar plansEducational Services · New Jersey
Ranney School NJ$25.4M · 0.19%
Hawkswood, Inc. NJ$21.8M · 0.20%
Yeshiva of North Jersey NJ$21.3M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222369808 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.