Plan Ledger DOL Form 5500 · updated monthly

The Echo Design Group, Inc.401(k)

THE ECHO DESIGN GROUP, INC. 401K PLAN · MOONACHIE, NJ · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

The Echo Design Group, Inc. reported $131,831 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $1,861 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 0.49% to 0.38%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 720th-largest of 2,419 plans among New Jersey employers on file, and the 3,938th of 13,661 in manufacturing. In 2024, employees put in $3.21 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$36,123,993
Participants with balances130
Active participants82
Employer contributions$152,561
Employee contributions$489,397
Employer contribution per active participant$1,861
Average account balance$277,877
Benefits paid to participants$1,280,944
Plan auditUnmodified (clean) audit opinion
AuditorANCHIN, BLOCK & ANCHIN LLP
Plan history3
Yearassets · accounts · employer contribution
2024$36.1M · 130 accts · $153K emplr
2023$32.9M · 133 accts
2022$28.2M · 136 accts · $114K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$100,331
Audit (IQPA)$31,500
Total administrative$131,831
The The Echo Design Group, Inc. 401(k) match · 2024
Employer contribution per active participant$1,861
Median for plans this size$2,416
2024$1,861 per active participant
2022$1,282 per active participant

The Echo Design Group, 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 · 20248
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$99,080
ANCHIN, BLOCK & ANCHIN · Accounting / audit$32,445
CONCIERGE RETIREMENT SERVICES · Contract administrator · Other services$6,658
WELLS FARGO ADVISORS FIN NETWORK · Investment advisory (plan)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processingindirect comp
ANCHIN, BLOCK & ANCHIN · Accounting / auditindirect comp
MADISON PENSION SERVICES INC · Contract administrator · Other servicesindirect 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$131,831 · 0.38%
2023$118,522 · 0.39%
2022$127,986 · 0.49%
Same employer
Similar plansManufacturing · New Jersey
Teknion LLC NJ$38.5M · 0.38%
Dwk Life Sciences LLC NJ$37.6M · 0.22%
Troy Corporation NJ$37.1M · 0.24%
Audiocodes, Inc. NJ$35.4M · 0.37%
Consarc Corporation NJ$35.2M · 0.27%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 131543397 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.