Plan Ledger DOL Form 5500 · updated monthly

Woodmont Properties LLC401(k)

WOODMONT PROPERTIES LLC 401(K) PROFIT SHARING PLAN AND TRUST · FAIRFIELD, NJ · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Woodmont Properties LLC reported $48,287 in plan administrative expenses for 2024: 0.57% of average plan assets, above the peer median. Employer contributions averaged $1,262 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 3 years on file its reported administrative ratio has held roughly steady near 0.569%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in New Jersey (1,563rd of 2,419), and 3,193rd of 5,337 in construction. In 2024, employees put in $4.30 for every $1.00 the employer contributed; active participation has shrunk from 176 to 149 since 2022.

Plan summary
Net assets, end of year$9,345,036
Participants with balances120
Active participants149
Employer contributions$188,107
Employee contributions$808,137
Employer contribution per active participant$1,262
Average account balance$77,875
Benefits paid to participants$692,765
Plan auditUnmodified (clean) audit opinion
AuditorMEISEL TUTEUR AND LEWIS PC
Plan history3
Yearassets · accounts · employer contribution
2024$9.3M · 120 accts · $188K emplr
2023$7.6M · 119 accts · $226K emplr
2022$5.8M · 122 accts · $215K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,287
Total administrative$48,287
The Woodmont Properties LLC 401(k) match · 2024
Employer contribution per active participant$1,262
Median for plans this size$1,313
2024$1,262 per active participant
2023$1,428 per active participant
2022$1,222 per active participant

Woodmont Properties LLC'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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$46,485
ORENDA RETIREMENT, LLC · Contract administrator$1,805
M HOLDINGS SECURITIES INC · Investment advisory (participants)indirect 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$48,287 · 0.57%
2023$38,181 · 0.57%
2022$34,231 · 0.57%
Same employer
Similar plansConstruction · New Jersey
Edgewood Properties, Inc. NJ$10.0M · 0.78%
Tristrux LLC NJ$9.9M · 1.02%
AG Ship Maintenance Corp NJ$6.9M · 0.09%
Industrial Cooling Corp. NJ$5.8M · 0.27%
Top Shelf Electric Corp. NJ$4.9M · 1.48%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 223719320 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.