Plan Ledger DOL Form 5500 · updated monthly

605, LLC401(k)

605, LLC 401(K) PLAN · NEW YORK, NY · plan year 2022

Reported admin expense ratio · 2022
0.53%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

605, LLC reported $34,628 in plan administrative expenses for 2022: 0.53% of average plan assets, above the peer median. Employer contributions averaged $4,390 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in New York (4,158th of 5,648), and 2,076th of 3,341 in other services. In 2022, employees put in $2.86 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,535,779
Participants with balances135
Active participants102
Employer contributions$447,793
Employee contributions$1,281,590
Employer contribution per active participant$4,390
Average account balance$48,413
Benefits paid to participants$475,780
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$0 · $283K emplr
2022$6.5M · 135 accts · $448K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$34,628
Total administrative$34,628
The 605, LLC 401(k) match · 2022
Employer contribution per active participant$4,390
Median for plans this size$1,114

605, LLC's 2022 employer contribution ran above the $1,114 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$34,628 · 0.53%
Similar plansOther Services · New York
Imia Holdings, Inc. NY$6.5M · 1.04%
Greenwich House, Inc. NY$6.5M · 0.12%
Betances Health Center NY$6.5M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 812850023 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.