Plan Ledger DOL Form 5500 · updated monthly

Wiss & Company, LLP401(k)

DEFERRED SALARY PROFIT SHARING PLAN FOR THE EMPLOYEES OF WISS & COMPANY · FLORHAM PARK, NJ · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Wiss & Company, LLP reported $105,878 in plan administrative expenses for 2024: 0.21% of average plan assets, above the peer median. Employer contributions averaged $1,795 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 0.23% to 0.21%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 542nd-largest of 2,419 plans among New Jersey employers on file, and the 2,570th of 11,654 in professional & technical services. In 2024, employees put in $6.43 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$55,162,809
Participants with balances400
Active participants301
Employer contributions$540,221
Employee contributions$3,473,474
Employer contribution per active participant$1,795
Average account balance$137,907
Benefits paid to participants$4,414,525
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$55.2M · 400 accts · $540K emplr
2023$48.0M · 397 accts · $497K emplr
2022$40.1M · 360 accts · $413K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$54,545
Investment management$51,333
Total administrative$105,878
The Wiss & Company, LLP 401(k) match · 2024
Employer contribution per active participant$1,795
Median for plans this size$3,635
2024$1,795 per active participant
2023$1,669 per active participant
2022$1,465 per active participant

Wiss & Company, LLP's 2024 employer contribution ran below the $3,635 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 · 20243
EMPOWER ADVISORY GROUP, LLC · Investment management$31,333
WELLS FARGO ADVISORS LLC · Investment advisory (plan)$20,000

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$105,878 · 0.21%
2023$103,647 · 0.24%
2022$100,602 · 0.23%
Same employer
Similar plansProfessional & Technical Services · New Jersey
Birlasoft Solutions, Inc. NJ$57.0M · 0.44%
L&T Technology Services LTD NJ$56.6M · 0.31%
Peloton Advantage LLC NJ$54.2M · 0.23%
Boswell Engineering, Inc. NJ$53.9M · 0.03%
Ferolie Corporation NJ$53.5M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 221732349 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.