Plan Ledger DOL Form 5500 · updated monthly

Beckway LLC401(k)

BECKWAY LLC 401(K) · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Beckway LLC reported $34,162 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $4,442 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in New York (3,333rd of 5,648), and 3,795th of 4,798 in finance & insurance. In 2024, employees put in $4.36 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,940,564
Participants with balances116
Active participants96
Employer contributions$426,459
Employee contributions$1,859,067
Employer contribution per active participant$4,442
Average account balance$102,936
Benefits paid to participants$1,494,584
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,245
Investment management$31,917
Total administrative$34,162
The Beckway LLC 401(k) match · 2024
Employer contribution per active participant$4,442
Median for plans this size$2,416

Beckway LLC's 2024 employer contribution ran above the $2,416 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 · 20242
GALLAGHER BENEFIT SERVICES · Recordkeeping · Trustee$31,916
ADP, INC. · Loan processing · Recordkeeping$2,245

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

Administrative cost history1
2024$34,162 · 0.32%
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Servu Federal Credit Union NY$11.2M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 815350967 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.