Fedway Associates, Inc. 401(k) Review & Grade
Fedway Associates, Inc. 401(k) Employee Savings Plan
Basking Ridge, NJWholesale Trade808 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,072Employer $ per active participant
$9,414Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$188.5MNet plan assets, end of year
$234,205Average balance per account
Score breakdown
- Employer generosity37.7 / 5075th percentile for employer $ per participant
- Low cost20.7 / 2583th percentile for low admin cost vs. same-size plans
- Employee saving13.9 / 1592th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 83th |
| Employee saving | 92th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Fedway Associates put in about $3,072 per active participant, more than the typical peer ($1,792). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,483,579 |
| Participant (employee) contributions | $7,611,288 |
| Other contributions (incl. rollovers in) | $929,720 |
| Administrative expenses paid from the plan | $116,845 |
| Investment advisory & management fees | $95,000 |
| Benefits paid out | $10,548,045 |
| Net assets, start / end of year | $167.0M / $188.5M |
| Active participants, start / end of year | 820 / 797 |
| Participants with account balances | 805 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US LLP |
Largest service providers (Schedule C)
| Global Retirement Partners LLC | $95,000 reported compensation |
| Baker Tilly US LLP | $18,000 reported compensation |
| Jpmorgan Invest Holdings LLC | $3,845 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003114324NAL0001334097001, received 2025-10-03, EIN 22-0905070, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.