Plan Ledger DOL Form 5500 · updated monthly

Bbva S.A. New York Branch401(k)

BBVA, S.A. NEW YORK BRANCH 401(K) PLAN · NEW YORK, 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

Bbva S.A. New York Branch reported $28,432 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $9,001 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 0.05% to 0.03%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 690th-largest of 5,648 plans among New York employers on file, and the 874th of 4,798 in finance & insurance. In 2024, employees put in $1.39 for every $1.00 the employer contributed; active participation has grown from 365 to 524 since 2022.

Plan summary
Net assets, end of year$118,687,352
Participants with balances641
Active participants524
Employer contributions$4,716,668
Employee contributions$6,535,335
Employer contribution per active participant$9,001
Average account balance$185,160
Benefits paid to participants$4,668,401
Plan auditUnmodified (clean) audit opinion
AuditorBAKER TILLY US, LLP LLP
Plan history3
Yearassets · accounts · employer contribution
2024$118.7M · 641 accts · $4.7M emplr
2023$95.9M · 530 accts · $4.1M emplr
2022$76.3M · 453 accts · $2.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,432
Total administrative$28,432
The Bbva S.A. New York Branch 401(k) match · 2024
Employer contribution per active participant$9,001
Median for plans this size$3,635
2024$9,001 per active participant
2023$10,123 per active participant
2022$7,973 per active participant

Bbva S.A. New York Branch'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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$28,432

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$28,432 · 0.03%
2023$30,907 · 0.04%
2022$35,860 · 0.05%
Same employer
Similar plansFinance & Insurance · New York
Amynta Agency, Inc. NY$125.2M · 0.02%
Royce & Associates Gp, LLC NY$123.7M · 0.00%
Lawley, LLC NY$121.6M · 0.01%
Hudson Valley Credit Union NY$121.2M · 0.18%
Sirius Global Services, LLC NY$118.0M · 0.08%
Ambac Financial Group NY$115.3M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133491492 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.