Plan Ledger DOL Form 5500 · updated monthly

The Frisch School401(k)

THE FRISCH SCHOOL 401(K) PLAN · PARAMUS, NJ · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

The Frisch School reported $79,256 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $3,774 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 0.24%. 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 715th-largest of 2,419 plans among New Jersey employers on file, and the 1,144th of 3,091 in educational services. In 2024, employees put in $2.64 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$36,293,947
Participants with balances186
Active participants168
Employer contributions$634,109
Employee contributions$1,675,756
Employer contribution per active participant$3,774
Average account balance$195,129
Benefits paid to participants$668,742
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$36.3M · 186 accts · $634K emplr
2023$30.8M · 189 accts · $590K emplr
2022$26.5M · 179 accts · $595K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,481
Investment management$16,258
Total administrative$79,256
The The Frisch School 401(k) match · 2024
Employer contribution per active participant$3,774
Median for plans this size$2,416
2024$3,774 per active participant
2023$3,294 per active participant
2022$3,816 per active participant

The Frisch School's 2024 employer contribution ran above 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 · 20242
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$48,775
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$30,481

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$79,256 · 0.24%
2023$67,473 · 0.24%
2022$66,836 · 0.23%
Similar plansEducational Services · New Jersey
Felician University NJ$45.0M · 0.08%
Centenary University NJ$42.3M · 0.17%
The Peck School NJ$40.6M · 0.06%
Educational Testing Service NJ$36.9M · 0.03%
Youth Consultation Service NJ$33.8M · 0.04%
Ranney School NJ$33.6M · 0.22%
Terranova Group, Inc NJ$31.7M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 221937461 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.