Plan Ledger DOL Form 5500 · updated monthly

Benchmark Financial Group, Inc.401(k)

BENCHMARK GROUP 401(K) PLAN · AMHERST, NY · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Benchmark Financial Group, Inc. reported $54,297 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $1,873 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 0.29% to 0.25%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 2,327th-largest of 5,648 plans among New York employers on file, and the 595th of 2,096 in real estate & leasing. In 2024, employees put in $3.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,763,675
Participants with balances235
Active participants147
Employer contributions$275,283
Employee contributions$829,439
Employer contribution per active participant$1,873
Average account balance$96,867
Benefits paid to participants$960,430
Plan auditUnmodified (clean) audit opinion
AuditorCHIAMPOU, TRAVIS, BESAW, & KERSHNER
Plan history3
Yearassets · accounts · employer contribution
2024$22.8M · 235 accts · $275K emplr
2023$20.0M · 233 accts · $272K emplr
2022$18.7M · 250 accts · $271K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,487
Investment management$20,780
Audit (IQPA)$5,030
Total administrative$54,297
The Benchmark Financial Group, Inc. 401(k) match · 2024
Employer contribution per active participant$1,873
Median for plans this size$2,416
2024$1,873 per active participant
2023$1,742 per active participant
2022$1,670 per active participant

Benchmark Financial Group, Inc.'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
ASCENSUS LLC · Loan processing · Recordkeeping$28,487
MERRILL LYNCH RETIREMENT & BENEFIT · Investment advisory (plan)$25,295
CHIAMPOU TRAVIS BESAW AND KERSHNER · Accounting / audit$5,030

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$54,297 · 0.25%
2023$54,399 · 0.28%
2022$61,821 · 0.29%
Similar plansReal Estate & Leasing · New York
Pan Am Equities, Inc. NY$22.8M · 0.05%
Solidifi U.S. Inc. NY$22.5M · 0.53%
Dreamscape Companies LLC NY$22.4M · 0.20%
Samson Management NY$21.4M · 0.22%
Gfp Real Estate LLC NY$21.4M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161220236 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.