Plan Ledger DOL Form 5500 · updated monthly

Benchmark Education Company LLC401(k)

BENCHMARK EDUCATION COMPANY PROFIT SHARING 401(K) PLAN · NEW ROCHELLE, NY · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Benchmark Education Company LLC reported $112,118 in plan administrative expenses for 2024: 0.29% of average plan assets, above the peer median. Employer contributions averaged $1,323 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 0.42% to 0.29%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 1,513th-largest of 5,648 plans among New York employers on file, and the 586th of 2,199 in information & media. In 2024, employees put in $5.03 for every $1.00 the employer contributed; active participation has grown from 454 to 640 since 2022.

Plan summary
Net assets, end of year$43,427,847
Participants with balances761
Active participants640
Employer contributions$846,406
Employee contributions$4,259,651
Employer contribution per active participant$1,323
Average account balance$57,067
Benefits paid to participants$2,639,926
Plan auditUnmodified (clean) audit opinion
AuditorWILKIN & GUTTENPLAN, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$43.4M · 761 accts · $846K emplr
2023$33.2M · 599 accts · $820K emplr
2022$25.7M · 559 accts · $751K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,872
Investment management$28,746
Audit (IQPA)$19,500
Total administrative$112,118
The Benchmark Education Company LLC 401(k) match · 2024
Employer contribution per active participant$1,323
Median for plans this size$2,416
2024$1,323 per active participant
2023$1,653 per active participant
2022$1,655 per active participant

Benchmark Education Company LLC's 2024 employer contribution ran below the $2,416 median for plans its size. 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$63,872
WBG ADVISORS · Investment advisory (plan)$26,000
WILKIN & GUTTENPLAN, P.C. · Accounting / audit$19,500

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$112,118 · 0.29%
2023$93,684 · 0.32%
2022$113,179 · 0.42%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 133996703 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.