Plan Ledger DOL Form 5500 · updated monthly

Tr Spa Inc401(k)

TR SPA INC 401K PLAN · TOMS RIVER, NJ · plan year 2024

Reported admin expense ratio · 2024
1.57%

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

Tr Spa Inc reported $36,398 in plan administrative expenses for 2024: 1.57% of average plan assets, higher than ~90% of peers. Employer contributions averaged $905 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 1.76% to 1.57%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in New Jersey (2,081st of 2,419), and 2,723rd of 3,341 in other services. In 2024, employees put in $1.84 for every $1.00 the employer contributed; active participation has grown from 173 to 238 since 2022.

Plan summary
Net assets, end of year$2,694,066
Participants with balances373
Active participants238
Employer contributions$215,331
Employee contributions$396,395
Employer contribution per active participant$905
Average account balance$7,223
Benefits paid to participants$138,868
Plan auditUnmodified (clean) audit opinion
AuditorKRONICK KALADA BERDY & CO PC
Plan history3
Yearassets · accounts · employer contribution
2024$2.7M · 373 accts · $215K emplr
2023$1.9M · 309 accts · $170K emplr
2022$1.3M · 240 accts · $127K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,398
Total administrative$36,398
The Tr Spa Inc 401(k) match · 2024
Employer contribution per active participant$905
Median for plans this size$1,313
2024$905 per active participant
2023$804 per active participant
2022$733 per active participant

Tr Spa Inc's 2024 employer contribution ran below the $1,313 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
ADP, INC. · Loan processing · Recordkeeping$28,907
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$7,490
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

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Administrative cost history3
2024$36,398 · 1.57%
2023$26,734 · 1.67%
2022$20,594 · 1.76%
Similar plansOther Services · New Jersey
Faps, Inc. NJ$3.4M · 0.99%
Ennoble Care LLC NJ$2.6M · 1.20%
Local 143 Annuity Fund NJ$2.0M · 2.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 384005937 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.