Plan Ledger DOL Form 5500 · updated monthly

Amtrust Financial Services, Inc401(k)

AMTRUST RETIREMENT PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Amtrust Financial Services, Inc reported $549,632 in plan administrative expenses for 2024: 0.13% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,249 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 2 years on file its reported administrative ratio rose from 0.11% to 0.13%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 236th-largest of 5,648 plans among New York employers on file, and the 328th of 4,798 in finance & insurance. In 2024, employees put in $3.43 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$458,128,521
Participants with balances6,006
Active participants4,479
Employer contributions$10,071,057
Employee contributions$34,588,900
Employer contribution per active participant$2,249
Average account balance$76,278
Benefits paid to participants$48,365,636
Plan auditUnmodified (clean) audit opinion
AuditorGOLDGRAB CPA PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$458.1M · 6,006 accts · $10.1M emplr
2023$398.6M · 5,953 accts · $10.2M emplr
2022$322.9M · 5,875 accts · $11.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$283,472
Investment management$234,960
Audit (IQPA)$30,000
Total administrative$549,632
The Amtrust Financial Services, Inc 401(k) match · 2024
Employer contribution per active participant$2,249
Median for plans this size$4,294
2024$2,249 per active participant
2023$2,314 per active participant
2022$2,478 per active participant

Amtrust Financial Services, Inc's 2024 employer contribution ran below the $4,294 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 · 20245
EMPOWER LIFE & ANNUITY INSURANCE CO · Recordkeeping · Loan processing$344,888
EMPOWER ADVISORY GROUP, LLC · Investment management$127,648
USI ADVISORS INC · Investment advisory (plan)$45,896
GOLDGRAB CPA PLLC · Investment advisory (plan)$30,000
QDRO CONSULTANTS COMPANY, LLC · Consulting$1,200

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

Recordkeeper by year2
2024Empower
2023Empower

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Administrative cost history3
2024$549,632 · 0.13%
2023$490,619 · 0.14%
2022$380,205 · 0.11%
Same employer
Similar plansFinance & Insurance · New York
Jennison Associates LLC NY$485.9M · 0.04%
Gbt US LLC NY$470.7M · 0.11%
Natixis North America LLC NY$470.6M · 0.05%
Msci Inc. NY$430.1M · 0.00%
Nbt Bancorp Inc. NY$415.4M · 0.01%
AG US Group Services Inc. NY$409.7M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043106389 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.