Plan Ledger DOL Form 5500 · updated monthly

Thermo System LLC401(k)

THERMO SYSTEM LLC 401K PROFIT SHARING PLAN AND TRUST · EAST WINDSOR, NJ · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Thermo System LLC reported $43,564 in plan administrative expenses for 2024: 0.17% of average plan assets, below the peer median. Employer contributions averaged $4,014 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 rose from 0.07% to 0.17%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 860th-largest of 2,419 plans among New Jersey employers on file, and the 4,335th of 11,654 in professional & technical services. In 2024, employees put in $2.23 for every $1.00 the employer contributed; active participation has grown from 188 to 311 since 2022.

Plan summary
Net assets, end of year$28,449,356
Participants with balances370
Active participants311
Employer contributions$1,248,476
Employee contributions$2,780,447
Employer contribution per active participant$4,014
Average account balance$76,890
Benefits paid to participants$1,779,595
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.4M · 370 accts · $1.2M emplr
2023$22.5M · 263 accts · $974K emplr
2022$17.5M · 215 accts · $740K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,462
Investment management$38,102
Total administrative$43,564
The Thermo System LLC 401(k) match · 2024
Employer contribution per active participant$4,014
Median for plans this size$2,416
2024$4,014 per active participant
2023$4,060 per active participant
2022$3,937 per active participant

Thermo System LLC'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 · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$38,102
ADP, INC. · Loan processing · Recordkeeping$5,462
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

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

Administrative cost history3
2024$43,564 · 0.17%
2023$32,034 · 0.16%
2022$13,978 · 0.07%
Same employer
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Cue Health Inc. NJ$29.6M · 1.22%
Genscript USA Inc. NJ$29.5M · 0.53%
Becht Engineering Co., Inc. NJ$29.4M · 0.56%
Harwood Lloyd, LLC NJ$28.6M · 0.04%
Endava Inc. NJ$28.2M · 0.41%
Fi-Tek, LLC NJ$28.1M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223594854 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.