Plan Ledger DOL Form 5500 · updated monthly

Amtex Systems , Inc.401(k)

AMTEX SYSTEMS, INC. 401K PLAN · NEW YORK, NY · plan year 2023

Reported admin expense ratio · 2023
0.06%

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

Amtex Systems , Inc. reported $3,344 in plan administrative expenses for 2023: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (4,331st of 5,648), and 9,486th of 11,654 in professional & technical services. In 2023, employees put in $5953.69 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,773,012
Participants with balances83
Active participants124
Employer contributions$124
Employee contributions$738,258
Employer contribution per active participant$1
Average account balance$69,554
Benefits paid to participants$565,083
Plan auditUnmodified (clean) audit opinion
AuditorBDG-CPAS
Plan history2
Yearassets · accounts · employer contribution
2023$5.8M · 83 accts · $124 emplr
2022$4.7M · 146 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$3,344
Total administrative$3,344
The Amtex Systems , Inc. 401(k) match · 2023
Employer contribution per active participant$1
Median for plans this size$1,308

Amtex Systems , Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
ADP, INC. · Loan processing · Recordkeeping$3,343
ADP BROKER-DEALER · Other servicesindirect comp

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$3,344 · 0.06%
2022Not separately reported
Similar plansProfessional & Technical Services · New York
Svam International, Inc. NY$5.8M · 0.47%
Scahill Law Group P.C. NY$5.8M · 1.03%
Density, Inc. NY$5.8M · 0.03%
Nuvalence, LLC NY$5.7M · 0.82%
Gross Polowy, LLC NY$5.7M · 0.60%
Grammatech, Inc. NY$5.7M · 0.94%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 223494842 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.