Plan Ledger DOL Form 5500 · updated monthly

Armada Parent, Inc401(k)

ARMADA PARENT, INC 401(K) · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Armada Parent, Inc reported $101,830 in plan administrative expenses for 2024: 0.53% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,895 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 fell from 1.58% to 0.53%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 2,005th-largest of 5,648 plans among New York employers on file, and the 752nd of 3,341 in other services. In 2024, employees put in $1.11 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$28,941,209
Participants with balances1,653
Active participants1,927
Employer contributions$3,652,376
Employee contributions$4,044,538
Employer contribution per active participant$1,895
Average account balance$17,508
Benefits paid to participants$3,045,101
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$28.9M · 1,653 accts · $3.7M emplr
2023$9.5M · 985 accts · $807K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$49,915
Investment management$46,915
Total administrative$101,830
The Armada Parent, Inc 401(k) match · 2024
Employer contribution per active participant$1,895
Median for plans this size$2,416
2024$1,895 per active participant
2023$818 per active participant

Armada Parent, Inc's 2024 employer contribution ran below the $2,416 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 · 20243
EMPOWER ADVISORY GROUP, LLC · Investment management$25,381
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$21,534

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

Administrative cost history2
2024$101,830 · 0.53%
2023$126,762 · 1.58%
Same employer
Similar plansOther Services · New York
Fos Feminista NY$27.4M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 872821244 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.