New Jersey › Administrative and support and waste management services › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Buildwise
Sponsored by Plan Professionals, LLC, Shrewsbury, NJ
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Plan Professionals, LLC of Shrewsbury, New Jersey sponsors Buildwise, a 401(k) plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 16,629 participants (13,824 active) and $650M in net assets. It is a multiple-employer plan covering the employees of more than one employer.
Net assets came to $39,074 per participant, well below the $64,499 median for defined contribution plans with 5,000 to 24,999 participants and well above the $24,581 median for defined contribution plans in administrative and support and waste management services. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $29.7M during the year, or $2,145 per active participant against a same-size median of $2,424; participants contributed $60.0M and $11.0M arrived as rollovers and other contributions. Benefits paid out totalled $69.4M.
Schedule C lists 15 service provider organisations paid $5,000 or more, with reported compensation of $2.1M: $128 per participant, well above the same-size median of $53.38. Administrative expenses charged to the plan were $2.1M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $352M in 2022 to $650M in 2024 (up 85%), and participants from 10,282 to 16,629 (up 62%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $39,074 | $64,499 | $24,581 | $53,102 |
| Employer contributions per active participant | $2,145 | $2,424 | $1,302 | $2,175 |
| Schedule C compensation per participant | $128 | $53.38 | $98.48 | $123 |
| Schedule C compensation, share of net assets | 0.33% | 0.09% | 0.44% | 0.26% |
| Administrative expenses per participant | $124 | $54.85 | $95.90 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 5,000 to 24,999 participants (2,605 plans), administrative and support and waste management services (1,682) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 16,629 | $650M | $39,075 | $29.7M | $60.0M | $2.1M |
| 2023 | 15,548 | $599M | $38,526 | $30.1M | $59.2M | $1.5M |
| 2022 | 10,282 | $352M | $34,201 | $18.0M | $31.4M | $893K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$599,616,791
- Employer contributions$29,652,464
- Participant contributions$60,010,247
- Rollovers and other contributions$11,034,898
- Total contributions$100,697,609
- Total income, including investment results$173,167,524
- Benefits paid$69,408,877
- Administrative expenses$2,058,810
- Total expenses$71,713,320
- Net income$101,454,204
- Net transfers−$51,301,385
- Net assets, end of year$649,769,610
Participants
- Active participants13,824
- Retired or separated, receiving benefits120
- Retired or separated, entitled to future benefits2,685
- Participants with account balances11,503
- Total participants, end of year16,629
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Transamerica Retirement Solutions, | Recordkeeping and information management; Participant loan processing | $1,004,213 | $0 |
| Creative Planning | Investment advisory (plan) | $463,064 | $0 |
| Plan Professionals DBA NPPG Plan PR | Recordkeeping and information management; Participant loan processing | $407,135 | $0 |
| Servant Spirit Services LLC | Other fees | $42,595 | $0 |
| Mma Securities | Investment advisory (plan) | $42,031 | $0 |
| Creative Planning LLC | Investment advisory (plan) | $37,485 | $0 |
| 360 Payroll Integration | Other fees | $22,805 | $0 |
| Osaic Wealth, Inc. | Investment advisory (plan) | $19,870 | $0 |
| RBC Capital Markets LLC | Investment advisory (plan) | $15,283 | $0 |
| NFP Retirement Inc. | Investment advisory (plan) | $14,442 | $0 |
| LPL Financial Corporation | Investment advisory (plan) | $13,124 | $0 |
| Wells Fargo Advisors LLC | Investment advisory (plan) | $11,384 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 3 smaller rows are not shown. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Contract administrator fees$2,058,810
- Total administrative expenses$2,058,810
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Common/collective trusts$436M · 67.0%
- Registered investment companies (mutual funds)$174M · 26.8%
- Insurance company general account$25.8M · 4.0%
- Receivables$7.1M · 1.1%
- Participant loans$6.8M · 1.0%
- Other investments$804K · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmTempleton & Company
- Participant contributions reported as transmitted lateYes, $1,867,977
- Covered by a fidelity bondNo
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2KCode section 401(m) arrangement3DPre-approved pension plan2AAge/service weighted or new comparability or similar plan3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 561110: Office Administrative Services.
Other plans of Plan Professionals, LLC
| Plan | Participants | Net assets |
|---|---|---|
| Successwise Pooled Employer Plan | 77,246 | $1.47B |
| Isolved 401-K Plan | 51,743 | $465M |
| Open PEP | 20,927 | $354M |
| Agc Select 401(k) PEP | 19,193 | $610M |
| Your 401(k) Plan | 8,694 | $46.1M |
| America's Healthcare Employee Retirement PEP | 6,527 | $18.9M |
| Accruewise PEP | 5,874 | $129M |
| Premier 401(k) Pooled Employer Plan | 5,366 | $16.6M |
Similar plans in New Jersey
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Open PEP | Plan Professionals, LLC | 20,927 | $354M | $16,930 |
| Extensis Group Retirement Savings Plan | Extensis Group, LLC | 14,468 | $682M | $47,144 |
| Isolved 401-K Plan | Plan Professionals, LLC | 51,743 | $465M | $8,984 |
| Your 401(k) Plan | Plan Professionals, LLC | 8,694 | $46.1M | $5,299 |
| Successwise Pooled Employer Plan | Plan Professionals, LLC | 77,246 | $1.47B | $19,046 |
| Kuehne & Nagel 401(k) Plan | Kuehne & Nagel Inc. | 8,521 | $552M | $64,822 |
Defined contribution plans in administrative and support and waste management services closest in size.
Questions and answers
How big is Buildwise?
16,629 participants at the end of the plan year ending 31 Dec 2024, of whom 13,824 were active employees, with net assets of $649,769,610. Among defined contribution plans that places it in the 5,000 to 24,999 participants band, which held 2,605 plans in plan year 2024.
What does Plan Professionals, LLC contribute per participant?
The filing reports $29,652,464 in employer contributions for the year, which is $2,145 per active participant; the median for plans of the same type and size was $2,424 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $2,121,317 in compensation to service provider organisations, $128 per participant or 0.33% of net assets. The same-size median among plans reporting any Schedule C compensation was $53.38 per participant. Administrative expenses on Schedule H were $2,058,810. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Plan Professionals, LLC. Recordkeeping or administration: Transamerica Retirement Solutions, and Plan Professionals DBA NPPG Plan PR. Investment advisory or management: Creative Planning, Mma Securities and Creative Planning LLC. The financial statements were audited by Templeton & Company. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 15 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 85-3213245, plan 333, received 15 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.