Plan Ledger DOL Form 5500 · updated monthly

Barclays Services Corporation401(k)

BARCLAYS 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Barclays Services Corporation reported $1,316,979 in plan administrative expenses for 2024: 0.04% of average plan assets, below the peer median. Employer contributions averaged $8,732 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 fell from 0.043% to 0.040%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other finance & insurance employers. By assets it is the 48th-largest of 5,648 plans among New York employers on file, and the 59th of 4,798 in finance & insurance. In 2024, employees put in $1.57 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,554,967,337
Participants with balances18,481
Active participants11,498
Employer contributions$100,397,183
Employee contributions$157,835,583
Employer contribution per active participant$8,732
Average account balance$192,358
Benefits paid to participants$277,943,748
Plan auditUnmodified (clean) audit opinion
AuditorKPMG, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$3.6B · 18,481 accts · $100.4M emplr
2023$3.1B · 18,927 accts · $99.4M emplr
2022$2.5B · 17,834 accts · $85.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$852,040
Investment management$170,062
Audit (IQPA)$78,750
Total administrative$1,316,979
The Barclays Services Corporation 401(k) match · 2024
Employer contribution per active participant$8,732
Median for plans this size$5,259
2024$8,732 per active participant
2023$7,906 per active participant
2022$7,457 per active participant

Barclays Services Corporation's 2024 employer contribution ran above the $5,259 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 · 20245
ORRICK HERRINGTON & SUTCLIFFE LLP · Legal$216,127
TOWERS WATSON INVESTMENT SERVICES I$170,061
KPMG LLP · Accounting / audit$78,750
QDRO CONSULTANTS CO LLC$4,800

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$1,316,979 · 0.04%
2023$1,344,636 · 0.05%
2022$1,175,187 · 0.04%
Same employer
Similar plansFinance & Insurance · New York
Blackrock, Inc. NY$4.8B · 0.00%
Blackrock, Inc. NY$3.4B · 0.01%
Mufg Bank, LTD NY$3.1B · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133714398 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.