What are the fees in the Allstate Sprinkler, LLC 401(k) plan?

For plan year 2023, Allstate Sprinkler, LLC reported $37,203 in plan administrative expenses, or 1.02% of average plan assets — higher than ~75% of peers. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Allstate Sprinkler, LLC 401(k)?

The average participant account balance was $52,112 for plan year 2023, based on 74 accounts.

Allstate Sprinkler, LLC401(k)

Name: Allstate Sprinkler, LLC 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

ALLSTATE SPRINKLER 401(K) PLAN · BRONX, NY · plan year 2023

Reported admin expense ratio · 2023

1.02%

Allstate Sprinkler, LLC reported $37,203 in plan administrative expenses for 2023: 1.02% 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 1 year on file its reported administrative ratio rose from 0.96% to 1.02%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in New York (4,703rd of 5,648), and 4,275th of 5,337 in construction.

Plan summary
Net assets, end of year$3,856,290
Participants with balances74
Active participants74
Employer contributions—
Employee contributions$179,520
Employer contribution per active participant—
Average account balance$52,112
Benefits paid to participants$199,812
Plan auditUnmodified (clean) audit opinion
AuditorLILLING & COMPANY, LLP

Plan history2

Yearassets · accounts · employer contribution

2023$3.9M · 74 accts

2022$3.5M · 113 accts

Administrative expenses, itemized · 2023

Recordkeeping & contract admin$35,453

Investment management$1,750

Total administrative$37,203

What these fees cost you

Your balance

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 · 20231

JOHN HANCOCK NEW YORK · Recordkeeping · Investment management$1,802

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

Administrative cost history2

2023$37,203 · 1.02%

2022$38,304 · 0.96%

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Source: U.S. Department of Labor, Form 5500 series, EIN 872622681 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.