Plan Ledger DOL Form 5500 · updated monthly

American Para Professional Systems, Inc.401(k)

AMERICAN PARA PROFESSIONAL SYSTEMS, INC. 401(K) PLAN · JERICHO, NY · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

American Para Professional Systems, Inc. reported $71,800 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $721 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 0.45%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 2,767th-largest of 5,648 plans among New York employers on file, and 3,305th of 4,798 in finance & insurance. In 2024, employees put in $6.73 for every $1.00 the employer contributed; active participation has grown from 175 to 198 since 2022.

Plan summary
Net assets, end of year$16,949,731
Participants with balances205
Active participants198
Employer contributions$142,713
Employee contributions$960,239
Employer contribution per active participant$721
Average account balance$82,682
Benefits paid to participants$1,682,410
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.9M · 205 accts · $143K emplr
2023$14.8M · 201 accts · $139K emplr
2022$12.4M · 208 accts · $128K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,951
Investment management$39,849
Total administrative$71,800
The American Para Professional Systems, Inc. 401(k) match · 2024
Employer contribution per active participant$721
Median for plans this size$2,416
2024$721 per active participant
2023$804 per active participant
2022$734 per active participant

American Para Professional Systems, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20242
OSAIC WEALTH INC · Investment advisory (plan)$39,849
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$31,951

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

Administrative cost history3
2024$71,800 · 0.45%
2023$62,264 · 0.46%
2022$60,963 · 0.47%
Same employer
Similar plansFinance & Insurance · New York
Hanover Community Bank NY$17.7M · 0.35%
Solvay Bank NY$17.6M · 0.20%
Juno Investments LLC NY$17.3M · 0.64%
Lake Shore Savings Bank NY$16.8M · 0.47%
Cion Investment Group LLC NY$16.6M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112298722 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.