401(k) · DOL Form 5500 · 2023

Patel Consultants Corporation 401(k) Plan

Data updated 2026-08-25

$8M
Total assets Small plan by assets
87
Participants Small participant base
53rd
Percentile by assets National rank
$89,513
Avg per participant Below avg balance/head
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Official DOL plan name: Patel Consultants 401(k) Plan · Sponsored by Patel Consultants Corporation · New Jersey · Professional & Technical Services

$8M in assets, 87 participants

Patel Consultants Corporation's Patel Consultants 401(k) Plan reported $8M in total assets and 87 participants in its 2023 DOL Form 5500 filing, ranking in the 53rd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #10,493 in Professional & Technical Services (20,321 peers)

What the 2023 filing shows

Patel Consultants 401(k) Plan holds $8M for 87 participants - about $89,513 per participant, above the median plan by assets.

#10,493
in Professional & Technical Services (20,321 peers)
+1.6%
assets growth YoY

Patel Consultants 401(k) Plan's mid-pack asset rank among Professional & Technical Services and all filers

Patel Consultants 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$7,787,618 Top 47% higher than 53% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Patel Consultants 401(k) Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Patel Consultants 401(k) Plan is a small filing (87 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Patel Consultants 401(k) Plan reported net income rose from -$2M in the plan year 2022 filing to $126K in the plan year 2023 filing.
  • Patel Consultants 401(k) Plan reported participants rose from 85 in the plan year 2022 filing to 87 in the plan year 2023 filing.
  • Patel Consultants 401(k) Plan end-of-year assets rose from $8M in the plan year 2022 filing to $8M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 222120360 · Patel Consultants Corporation PY 2023 · 401(k)

Patel Consultants 401(k) Plan · $8M · 87 · 53rd

  • RANK $8M
  • RANK 87
  • RANK 53rd
  • RANK 401(k)
  • RANK near Hotel Valencia Corporation 401(k) Plan
  • RANK ind #10493

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Professional & Technical Services retirement plans → · Plans in New Jersey →

Patel Consultants 401(k) Plan in the asset neighbourhood

Patel Consultants 401(k) Plan$8MHotel Valencia Corporation 401(k) PlanHotel Valencia Corporation 4…$8MThe Orden Company, LLC 401(k) PlanThe Orden Company, LLC 401(k…$8MThe Orden Company, LLC 401(k) PlanThe Orden Company, LLC 401(k…$8MBerger Rental Communities 401(k) Profit Sharing PlanBerger Rental Communities 40…$8M
End-of-year total assets ($M) among Patel Consultants 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Filing particulars (2023)

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$8M
Net Income$126K
Employer EIN222120360
Plan Effective Date2002-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Patel Consultants Corporation)

Sponsor-wide plan assets over time

All Patel Consultants Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$8M 9.519881552266733% vs 2022
2024 filing year
$7.5M$8M$8.5M 202220232024 $7.66M $8.39M ▲ +9.5%
Year Plans Participants Total Assets
2022 1 85 $8M
2023 1 87 $8M
2024 1 64 $8M

Nearby 401(k) Plans in New Jersey

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Patel Consultants 401(k) Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -1001020304050 Total assets ($B) Participants Patel Consultants 401(k) Plan, Total assets ($B): 0.007787618 · Participants: 87Patel Consultants 401(k) PlanJPMorgan Chase 401(k) Savings Plan, Total assets ($B): 44.552237022 · Participants: 176610JPMorgan Chase 401(k) Savings PlanVerizon Savings Plan for Management Employees, Total assets ($B): 27.825640157 · Participants: 78072Verizon Savings Plan for Management EmployeesJohnson and Johnson Savings Plan, Total assets ($B): 22.177853595 · Participants: 41291Johnson and Johnson Savings PlanErnst & Young Retirement Savings Plan, Total assets ($B): 15.543526764 · Participants: 59346Ernst & Young Retirement Savings PlanMerck US Savings Plan, Total assets ($B): 13.424416176 · Participants: 26850Merck US Savings Plan
Patel Consultants 401(k) Plan vs. nearby 401(k) plans in New Jersey, assets vs. participants
Compare Patel Consultants 401(k) Plan side-by-side with 3 peers →

Patel Consultants 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside New Jersey, the nearest 401(k) by assets is Hotel Valencia Corporation 401(k) Plan in TX ($8M); by covered participants it is Landrum & Brown 401(k) and Profit Sharing Plan in OH (87 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (87 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Patel Consultants 401(k) Plan assets move in 2023? ▼
Patel Consultants 401(k) Plan edged up modestly - up 1.6% during 2023, from $8M to $8M. Reported net income was $126K.
How have Patel Consultants Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Patel Consultants Corporation's sponsor-wide assets grew 9.5%, from $8M to $8M.
Which 401(k) plans are similar in size to Patel Consultants 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Hotel Valencia Corporation 401(k) Plan in TX ($8M, 519 participants).
Which 401(k) plans cover a similar participant headcount to Patel Consultants 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Landrum & Brown 401(k) and Profit Sharing Plan in OH (87 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 222120360.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.