Plan Ledger DOL Form 5500 · updated monthly

Blackstone Administrative Services Partnership, L.P.401(k)

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

Reported admin expense ratio · 2024
0.07%

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

Blackstone Administrative Services Partnership, L.P. reported $578,215 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $2,316 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 0.08% to 0.07%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 128th-largest of 5,648 plans among New York employers on file, and the 198th of 4,798 in finance & insurance. In 2024, employees put in $8.63 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$922,719,971
Participants with balances4,865
Active participants3,723
Employer contributions$8,623,618
Employee contributions$74,380,168
Employer contribution per active participant$2,316
Average account balance$189,665
Benefits paid to participants$51,271,304
Plan auditUnmodified (clean) audit opinion
AuditorDELOITTE & TOUCHE
Plan history3
Yearassets · accounts · employer contribution
2024$922.7M · 4,865 accts · $8.6M emplr
2023$742.5M · 4,558 accts · $8.8M emplr
2022$562.9M · 4,308 accts · $8.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$165,372
Investment management$238,393
Audit (IQPA)$141,448
Total administrative$578,215
The Blackstone Administrative Services Partnership, L.P. 401(k) match · 2024
Employer contribution per active participant$2,316
Median for plans this size$4,294
2024$2,316 per active participant
2023$2,525 per active participant
2022$2,391 per active participant

Blackstone Administrative Services Partnership, L.P.'s 2024 employer contribution ran below the $4,294 median for plans its size, in the bottom 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
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$170,393
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$165,422
DELOITTE & TOUCHE · Accounting / audit$141,448
SAGEVIEW · Investment advisory (plan) · Investment management$68,000
GROOM LAW GROUP CHARTERED · Legal$33,002

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$578,215 · 0.07%
2023$385,816 · 0.06%
2022$451,543 · 0.08%
Same employer
Similar plansFinance & Insurance · New York
Nfp Corp. NY$976.9M · 0.05%
Board of Trustees Local 282 NY$885.6M · 0.45%
Excellus Health Plan Inc. NY$871.6M · 0.03%
Lazard Freres & Co. LLC NY$832.0M · 0.05%
Oppenheimer & Co. Inc NY$807.6M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133637000 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.