401(k) · DOL Form 5500 · 2023
Plan Professionals, LLC 401(k) Plan
Data updated 2026-08-11
- $269M
- Total assets
- 12,600
- Participants
- 96th
- Percentile by assets
- $21,326
- Avg per participant
Official DOL plan name: Open Pep · Sponsored by Plan Professionals, LLC · New Jersey · Administrative & Support Services
$269M in assets, 12,600 participants
Plan Professionals, LLC's Open Pep reported $269M in total assets and 12,600 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.
- 96th percentile by assets (of 127,072 plans)
- #4,285 in Administrative & Support Services (4,372 peers)
Coverage in New Jersey
Open Pep covers 12,600 participants in New Jersey, 15x the typical New Jersey plan (state average ~844 per filing). Assets: $269M.
- $269M
- total plan assets (2023 EOY)
- 12,600
- covered participants
- 96th
- percentile by assets (of 127,072 plans)
- $21,326
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Open Pep reported net income rose from -$2M in the plan year 2022 filing to $39M in the plan year 2023 filing.
- Open Pep reported participants rose from 813 in the plan year 2022 filing to 12,600 in the plan year 2023 filing.
- Open Pep end-of-year assets rose from $70M in the plan year 2022 filing to $269M in the plan year 2023 filing.
Participants vs New Jersey filers
In New Jersey, the average filing covers about 844 participants across 4,145 plans. Open Pep reports 12,600 participants - 15x that state average ($269M EOY assets).
New Jersey filing particulars
| Total Assets (Beginning of Year) | $70M |
|---|---|
| Net Assets (End of Year) | $268M |
| Net Income | $39M |
| Employer EIN | 853213245 |
| Plan Effective Date | 2022-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Plan Professionals, LLC)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 12 | 28,330 | $722M |
| 2023 | 15 | 65,533 | $2.4B |
| 2024 | 19 | 177,859 | $4.2B |
Nearby 401(k) Plans in New Jersey
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Open Pep vs. nearby 401(k) plans in New Jersey, assets vs. participants
- JPMorgan Chase 401(k) Savings Plan $44.6B · 176,610
- Verizon Savings Plan for Management Employees $27.8B · 78,072
- Johnson and Johnson Savings Plan $22.2B · 41,291
- Ernst & Young Retirement Savings Plan $15.5B · 59,346
- Merck US Savings Plan $13.4B · 26,850
Scale composition for Open Pep
Open Pep reports $269M in end-of-year assets across 12,600 participants (0.002% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.013% of 93,925,755 covered participants) - about $21,326 per participant (15% of the national average assets-per-participant) . Net income for plan year 2023 was $39M.
This plan identity (EIN 853213245, plan #301) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $70M to $355M (+403.9%) while covered participants moved from 813 to 16,838 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 813 | $70M | Open filing |
| 2023 | 12,600 | $269M | This page |
| 2024 · index core | 16,838 | $355M | Open filing |
The same sponsor also keeps 4 other index-core plans on PlainRetire:
- Successwise Pooled Employer Plan (401(k), $1.5B, 62,004 participants)
- BUILDWISE (401(k), $650M, 13,177 participants)
- Agc Select 401(k) Pep (401(k), $611M, 12,885 participants)
- Isolved 401-K Plan (401(k), $466M, 40,580 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Open Pep by total assets, not by location.
- Ki 401(k) Savings Plan (WI) $269M · 1,886
- Jennie-O Turkey Store Retirement Savings Plan (MN) $269M · 5,176
- Proampac Retirement Plan (OH) $268M · 3,973
- Indiana Farm Bureau Companies Employees' 401(k) Savings Plan (IN) $268M · 1,319
Frequently Asked Questions
How did Open Pep assets move in 2023? ▼
How have Plan Professionals, LLC plan assets changed over time? ▼
Where does Open Pep rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Open Pep? ▼
Next read for Open Pep
Filing takeaways
Ways to act on Open Pep's numbers.
- By total assets, Open Pep ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in New Jersey. Compare plans
- Plan Professionals, LLC's sponsor-wide assets have grown 478.5% since 2022 across 3 plan years on file. More Administrative & Support Services plans