Square Management Associates 401(k) Review & Grade
Ardc 401(k) Retirement Plan
Woodbridge, NJReal Estate & Rental676 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$681Employer $ per active participant
$2,509Employee $ saved per active participant
0.34%Direct admin cost, % of plan assets
$4.4MNet plan assets, end of year
$8,886Average balance per account
Score breakdown
- Employer generosity14.3 / 5029th percentile for employer $ per participant
- Low cost9.0 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1536th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 36th |
| Employee saving | 36th |
| Peers that auto-enroll | 47% |
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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
- Square Management Associates put in about $681 per active participant, below the typical peer ($1,279). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $460,955 |
| Participant (employee) contributions | $1,697,379 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $10,868 |
| Other admin expenses | $360 |
| Benefits paid out | $80,854 |
| Net assets, start / end of year | $2.0M / $4.4M |
| Active participants, start / end of year | 670 / 683 |
| Participants with account balances | 496 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Withum Smith + Brown, PC |
Largest service providers (Schedule C)
| Sentinel Benefits Group, LLC | $9,621 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003070710NAL0001143809001, received 2025-10-03, EIN 22-3088244, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.