Plan Ledger DOL Form 5500 · updated monthly

Access Direct Systems, Inc.401(k)

ACCESS DIRECT SYSTEMS, INC. 401(K) PROFIT SHARING PLAN · FARMINGDALE, NY · plan year 2023

Reported admin expense ratio · 2023
0.89%

Access Direct Systems, Inc. reported $50,507 in plan administrative expenses for 2023: 0.89% of average plan assets, higher than ~75% of peers. 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.

Across the 2 years on file its reported administrative ratio fell from 0.81% to 0.07%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in New York (4,299th of 5,648), and 10,719th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$5,926,483
Participants with balances123
Active participants205
Employer contributions—
Employee contributions$222,546
Employer contribution per active participant—
Average account balance$48,183
Benefits paid to participants$440,438
Plan auditDisclaimer of opinion
AuditorGRUBER PALUMBERI RAFFAELE FRIED PC
Plan history3
Yearassets · accounts · employer contribution
2024$5.7M · 113 accts
2023$5.9M · 123 accts
2022$5.4M · 132 accts
Administrative expenses, itemized · 2023
Investment management$50,507
Total administrative$50,507
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
NATIONWIDE LIFE INSURANCE · Recordkeeping$44,459
GELMAN PENSION CONSULTING, INC · Recordkeeping$6,048
LPL FINANCIAL LLC · Investment advisory (participants) · Investment advisory (plan)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024GELMAN PENSION CONSULTING, INC, Nationwide
2023GELMAN PENSION CONSULTING, INC, Nationwide

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Administrative cost history3
2024$4,277 · 0.07%
2023$50,507 · 0.89%
2022$47,876 · 0.81%
Same employer
Similar plansManufacturing · New York
Costanzo's Bakery, LLC NY$6.4M · 0.56%
J.M. Haley Corp. NY$6.3M · 0.38%
Deiorio Foods, Inc. NY$6.1M · 0.66%
Orcon Industries Corp. NY$6.0M · 0.03%
Dyna-Empire Inc. NY$5.9M · 0.03%
Safari Energy, LLC NY$5.8M · 0.16%
Perse Beauty Inc NY$5.6M · 0.22%
Nicolia Industries Inc. NY$5.6M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 132669655 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.