Plan Ledger DOL Form 5500 · updated monthly

Alcott HR Group, LLC401(k)

THE ALCOTT GROUP 401(K) PLAN · FARMINGDALE, NY · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Alcott HR Group, LLC reported $927,760 in plan administrative expenses for 2024: 0.44% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,980 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.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.44%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other administrative & support services employers. By assets it is the 419th-largest of 5,648 plans among New York employers on file, and the 87th of 2,534 in administrative & support services. In 2024, employees put in $2.72 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$228,157,394
Participants with balances2,882
Active participants3,057
Employer contributions$6,053,713
Employee contributions$16,490,383
Employer contribution per active participant$1,980
Average account balance$79,166
Benefits paid to participants$20,406,795
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$228.2M · 2,882 accts · $6.1M emplr
2023$197.0M · 2,548 accts · $5.6M emplr
2022$160.8M · 2,692 accts · $4.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$872,060
Investment management$33,000
Audit (IQPA)$22,700
Total administrative$927,760
The Alcott HR Group, LLC 401(k) match · 2024
Employer contribution per active participant$1,980
Median for plans this size$3,635
2024$1,980 per active participant
2023$3,586 per active participant
2022$1,722 per active participant

Alcott HR Group, LLC's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
SLAVIC INTEGRATED ADMINISTRATION · Recordkeeping · Participant communication$749,486
ALCOTT HR GROUP LLC · Plan administrator$122,574
BKS FINANCIAL INVESTMENTS LLC · Investment advisory (plan)$33,000
COHNREZNICK LLP · Accounting / audit$22,700

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

Recordkeeper by year2
2024Slavic401k
2023Slavic401k

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$927,760 · 0.44%
2023$782,272 · 0.44%
2022$748,848 · 0.45%
Same employer
Similar plansAdministrative & Support Services · New York
Staffco of Brooklyn, LLC NY$154.7M · 0.26%
Emplova, LLC NY$90.4M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 261638437 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.