Plan Ledger DOL Form 5500 · updated monthly

Equiniti401(k)

EQUINITI 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Equiniti reported $283,874 in plan administrative expenses for 2024: 0.24% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,907 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 1 year on file its reported administrative ratio rose from 0.23% to 0.24%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 656th-largest of 5,648 plans among New York employers on file, and the 827th of 4,798 in finance & insurance. In 2024, employees put in $2.15 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$126,920,904
Participants with balances1,292
Active participants977
Employer contributions$3,817,338
Employee contributions$8,215,156
Employer contribution per active participant$3,907
Average account balance$98,236
Benefits paid to participants$10,249,158
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$126.9M · 1,292 accts · $3.8M emplr
2023$108.7M · 1,497 accts · $3.8M emplr
2022$0 · $705K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$221,916
Investment management$61,958
Total administrative$283,874
The Equiniti 401(k) match · 2024
Employer contribution per active participant$3,907
Median for plans this size$3,635
2024$3,907 per active participant
2023$3,252 per active participant

Equiniti's 2024 employer contribution ran above the $3,635 median for plans its size. 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
PRINICIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$149,467
MMA SECURITIES LLC · Investment advisory (plan)$61,969
COMPASS RETIREMENT CONSULTING GROUP · Contract administrator · Other services$41,815
COMPASS 360, LLC · Contract administrator$34,963

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$283,874 · 0.24%
2023$218,791 · 0.23%
2022Not separately reported
Similar plansFinance & Insurance · New York
Centerbridge Partners, L.P. NY$130.1M · 0.14%
Bayerische Landesbank NY$128.0M · 0.12%
Amynta Agency, Inc. NY$125.2M · 0.02%
Royce & Associates Gp, LLC NY$123.7M · 0.00%
Lawley, LLC NY$121.6M · 0.01%
Hudson Valley Credit Union NY$121.2M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133439945 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.