Plan Ledger DOL Form 5500 · updated monthly

Baha Industries Corp. D/B/A Open Systems Technologies401(k)

BAHA INDUSTRIES CORP. D/B/A OPEN SYSTEMS TECHNOLOGIES 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.47%

Baha Industries Corp. D/B/A Open Systems Technologies reported $132,244 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. 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 0.44% to 0.47%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 2,032nd-largest of 5,648 plans among New York employers on file, and the 4,337th of 11,654 in professional & technical services. active participation has shrunk from 479 to 330 since 2022.

Plan summary
Net assets, end of year$28,429,788
Participants with balances279
Active participants330
Employer contributions—
Employee contributions$1,410,193
Employer contribution per active participant—
Average account balance$101,899
Benefits paid to participants$4,791,594
Plan auditUnmodified (clean) audit opinion
AuditorSINGER & FALK CPA'S P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$28.4M · 279 accts
2023$27.7M · 327 accts
2022$23.2M · 360 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$61,900
Investment management$70,344
Total administrative$132,244
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
MORGAN STANLEY GLOBAL BA · Investment advisory (plan)$70,344
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$61,900
THE BENEFIT PRACTICE · Contract administrator · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$132,244 · 0.47%
2023$116,807 · 0.46%
2022$120,126 · 0.44%
Same employer
Similar plansProfessional & Technical Services · New York
Cockroach Labs, Inc. NY$28.7M · 0.14%
Bousquet Holstein PLLC NY$28.4M · 0.05%
Chdi Management, Inc. NY$28.3M · 0.41%
Lightspeed Pos USA Inc. NY$28.3M · 0.52%
Savin Engineers, P.C. NY$28.1M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133926270 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.