Plan Ledger DOL Form 5500 · updated monthly

Twin Boro Management, LLC401(k)

TWIN BORO PHYSICAL THERAPY ASSOCIATES, P.A. RETIREMENT PLAN AND TRUST · CANFORD, NJ · plan year 2023

Reported admin expense ratio · 2023
0.44%

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

Twin Boro Management, LLC reported $55,391 in plan administrative expenses for 2023: 0.44% of average plan assets, above the peer median. Employer contributions averaged $269 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 1 year on file its reported administrative ratio rose from 0.40% to 0.44%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New Jersey (1,292nd of 2,419), and the 4,640th of 11,911 in health care & social assistance. In 2023, employees put in $15.69 for every $1.00 the employer contributed; active participation has grown from 271 to 331 since 2022.

Plan summary
Net assets, end of year$14,191,218
Participants with balances259
Active participants331
Employer contributions$89,085
Employee contributions$1,397,643
Employer contribution per active participant$269
Average account balance$54,792
Benefits paid to participants$1,251,874
Plan auditUnmodified (clean) audit opinion
AuditorWARREN AVERETT LLP
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$14.2M · 259 accts · $89K emplr
2022$11.2M · 192 accts · $60K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$17,914
Investment management$37,477
Total administrative$55,391
The Twin Boro Management, LLC 401(k) match · 2023
Employer contribution per active participant$269
Median for plans this size$2,440
2023$269 per active participant
2022$221 per active participant

Twin Boro Management, LLC's 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom quarter of its peers. 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
THE VANGUARD GROUP, INC. · Loan processing · Recordkeeping$17,914
WEDBUSH SECURITIES · Investment advisory (plan)$37,477

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024Not separately reported
2023$55,391 · 0.44%
2022$48,381 · 0.40%
Similar plansHealth Care & Social Assistance · New Jersey
Collagen Matrix Inc NJ$14.3M · 0.01%
Sportscare Institute Inc. NJ$14.2M · 0.67%
Allies Inc. NJ$13.8M · 0.39%
Medemerge, LLC NJ$13.6M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 842755562 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.