Plan Ledger DOL Form 5500 · updated monthly

Blank Street, Inc.401(k)

BLANK STREET 401(K) PLAN · BROOKLYN, NY · plan year 2023

Reported admin expense ratio · 2023
0.75%

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

Blank Street, Inc. reported $4,672 in plan administrative expenses for 2023: 0.75% of average plan assets, below the peer median. Employer contributions averaged $0 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 1 year on file its reported administrative ratio rose from 0.15% to 0.75%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in New York (5,357th of 5,648), and 1,750th of 2,240 in accommodation & food services.

Plan summary
Net assets, end of year$922,262
Participants with balances386
Active participants245
Employer contributions$0
Employee contributions$469,815
Employer contribution per active participant$0
Average account balance$2,389
Benefits paid to participants$81,978
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$922K · 386 accts
2022$324K · 327 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$4,196
Investment management$476
Total administrative$4,672
The Blank Street, Inc. 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$522

Blank Street, Inc.'s 2023 employer contribution ran below the $522 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$4,672 · 0.75%
2022$478 · 0.15%
Similar plansAccommodation & Food Services · New York
Chh, LLC NY$1.2M · 1.09%
Lixi Nanuet, Inc. NY$1.1M · 0.78%
Salvatore Properties, LLC NY$1.1M · 1.43%
George Super Topco LLC NY$935K · 1.03%
Chelsea Hotel F&B LLC NY$763K · 5.99%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850508176 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.