Plan Ledger DOL Form 5500 · updated monthly

Unique Designs,Inc.401(k)

UNIQUE DESIGNS,INC. 401(K) P/S PLAN · SECAUCUS, NJ · plan year 2024

Reported admin expense ratio · 2024
0.66%

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

Unique Designs,Inc. reported $21,981 in plan administrative expenses for 2024: 0.66% of average plan assets, above the peer median. Employer contributions averaged $0 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 2.45% to 0.66%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in New Jersey (1,853rd of 2,419), and 3,596th of 4,246 in wholesale trade.

Plan summary
Net assets, end of year$5,289,182
Participants with balances197
Active participants247
Employer contributions$0
Employee contributions$625,052
Employer contribution per active participant$0
Average account balance$26,849
Benefits paid to participants$544,303
Plan auditUnmodified (clean) audit opinion
AuditorPRAGER METIS CPAS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$5.3M · 197 accts
2023$1.4M · 228 accts
2022$667K · 230 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,971
Investment management$10
Total administrative$21,981
The Unique Designs,Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Unique Designs,Inc.'s 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$10,012

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$21,981 · 0.66%
2023$16,466 · 1.59%
2022$10,682 · 2.45%
Similar plansWholesale Trade · New Jersey
Penny Plate, LLC NJ$6.7M · 1.25%
Auto Mall 46, Inc. NJ$5.5M · 1.61%
Dynarex Corporation NJ$5.0M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133827516 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.