Plan Ledger DOL Form 5500 · updated monthly

Barclay Damon LLP401(k)

BARCLAY DAMON LLP PROFIT SHARING AND 401(K) PLAN · SYRACUSE, NY · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Barclay Damon LLP reported $58,143 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $7,535 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 0.031% to 0.033%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 495th-largest of 5,648 plans among New York employers on file, and the 856th of 11,654 in professional & technical services. In 2024, employees put in $1.50 for every $1.00 the employer contributed; active participation has grown from 417 to 484 since 2022.

Plan summary
Net assets, end of year$187,050,074
Participants with balances700
Active participants484
Employer contributions$3,646,789
Employee contributions$5,478,749
Employer contribution per active participant$7,535
Average account balance$267,214
Benefits paid to participants$10,271,776
Plan auditUnmodified (clean) audit opinion
AuditorBOWERS & COMPANY CPAS PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$187.1M · 700 accts · $3.6M emplr
2023$165.4M · 646 accts · $3.2M emplr
2022$141.9M · 616 accts · $3.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,393
Audit (IQPA)$23,750
Total administrative$58,143
The Barclay Damon LLP 401(k) match · 2024
Employer contribution per active participant$7,535
Median for plans this size$3,635
2024$7,535 per active participant
2023$6,811 per active participant
2022$7,096 per active participant

Barclay Damon LLP's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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 · 20244
T ROWE PRICE RPS INC · Recordkeeping · Trustee$8,393
FIDUCIENT ADVISORS · Consulting$37,500
BOWERS & COMPANY CPAS PLLC · Accounting / audit$23,750
CHARLES SCHWAB & CO., INC. · Securities brokerage$78

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

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Administrative cost history3
2024$58,143 · 0.03%
2023$49,595 · 0.03%
2022$48,624 · 0.03%
Same employer
Similar plansProfessional & Technical Services · New York
Gfk US Holdings, Inc. NY$195.0M · 0.10%
Computer Task Group, Inc. NY$191.4M · 0.04%
Squarespace, Inc. NY$187.2M · 0.09%
Rivkin Radler LLP NY$185.2M · 0.11%
Phillips Lytle LLP NY$180.7M · 0.04%
Liro Engineers, Inc. NY$175.8M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 150339022 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.