Plan Ledger DOL Form 5500 · updated monthly

Top Shelf Electric Corp.401(k)

TSE 401(K) PLAN · ISELIN, NJ · plan year 2023

Reported admin expense ratio · 2023
1.48%

Top Shelf Electric Corp. reported $72,007 in plan administrative expenses for 2023: 1.48% of average plan assets, higher than ~90% of peers. 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 1.21% to 1.50%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in New Jersey (1,884th of 2,419), and 4,013th of 5,337 in construction. active participation has shrunk from 405 to 196 since 2022.

Plan summary
Net assets, end of year$4,889,854
Participants with balances504
Active participants196
Employer contributions—
Employee contributions$1,016,720
Employer contribution per active participant—
Average account balance$9,702
Benefits paid to participants$1,691,257
Plan auditUnmodified (clean) audit opinion
AuditorSAX LLP
Plan history3
Yearassets · accounts · employer contribution
2024$4.6M · 429 accts
2023$4.9M · 504 accts
2022$4.8M · 619 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$72,007
Total administrative$72,007
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
FIRST GREAT-WEST LIFE & ANNUITYindirect comp
ASCENSUS HOLDINGS INC DBAFUTUREPLAN · Contract administratorindirect 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$71,434 · 1.50%
2023$72,007 · 1.48%
2022$63,043 · 1.21%
Similar plansConstruction · New Jersey
Woodmont Properties LLC NJ$9.3M · 0.57%
AG Ship Maintenance Corp NJ$6.9M · 0.09%
Industrial Cooling Corp. NJ$5.8M · 0.27%
Marone Contractors, Inc. NJ$4.0M · 0.02%
Traffic Plan NJ$3.0M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161702855 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.