Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of the Amalgamated Life Insurance Company401(k)

SAVINGS PLAN FOR EMPLOYEES OF THE AMALGAMATED LIFE INSURANCE COMPANY · WHITE PLAINS, NY · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Board of Trustees of the Amalgamated Life Insurance Company reported $68,062 in plan administrative expenses for 2024: 0.10% of average plan assets, below the peer median. Employer contributions averaged $1,063 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 0.11% to 0.10%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,053rd-largest of 5,648 plans among New York employers on file, and the 1,285th of 4,798 in finance & insurance. In 2024, employees put in $7.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$71,089,231
Participants with balances411
Active participants376
Employer contributions$399,544
Employee contributions$2,800,321
Employer contribution per active participant$1,063
Average account balance$172,966
Benefits paid to participants$7,042,967
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$71.1M · 411 accts · $400K emplr
2023$64.6M · 391 accts · $398K emplr
2022$59.8M · 417 accts · $377K emplr
Administrative expenses, itemized · 2024
Investment management$68,062
Total administrative$68,062
The Board of Trustees of the Amalgamated Life Insurance Company 401(k) match · 2024
Employer contribution per active participant$1,063
Median for plans this size$3,635
2024$1,063 per active participant
2023$941 per active participant
2022$918 per active participant

Board of Trustees of the Amalgamated Life Insurance Company's 2024 employer contribution ran below the $3,635 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 · 20242
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$15,637
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$5,728

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$68,062 · 0.10%
2023$72,306 · 0.12%
2022$75,742 · 0.11%
Same employer
Similar plansFinance & Insurance · New York
Wafra Inc. NY$72.6M · 0.21%
New Mountain Capital, LLC NY$72.2M · 0.17%
Dz Bank AG, New York Branch NY$71.4M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 135501223 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.