Plan Ledger DOL Form 5500 · updated monthly

Breezy Point Cooperative, Inc.401(k)

BREEZY POINT COOPERATIVE, INC. EMPLOYEE'S 401(K) PLAN · ROCKAWAY POINT, NY · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Breezy Point Cooperative, Inc. reported $39,322 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $3,093 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 rose from 0.20% to 0.32%. 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 among the smaller plans on file in New York (3,175th of 5,648), and the 927th of 2,096 in real estate & leasing. In 2024, employees put in $2.07 for every $1.00 the employer contributed; active participation has grown from 89 to 101 since 2022.

Plan summary
Net assets, end of year$13,218,835
Participants with balances127
Active participants101
Employer contributions$312,419
Employee contributions$646,159
Employer contribution per active participant$3,093
Average account balance$104,085
Benefits paid to participants$689,686
Plan auditUnmodified (clean) audit opinion
AuditorKVLSM LLP
Plan history3
Yearassets · accounts · employer contribution
2024$13.2M · 127 accts · $312K emplr
2023$11.5M · 128 accts · $295K emplr
2022$10.0M · 119 accts · $239K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,322
Total administrative$39,322
The Breezy Point Cooperative, Inc. 401(k) match · 2024
Employer contribution per active participant$3,093
Median for plans this size$2,416
2024$3,093 per active participant
2023$2,917 per active participant
2022$2,686 per active participant

Breezy Point Cooperative, Inc.'s 2024 employer contribution ran above 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$39,322
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$39,322 · 0.32%
2023$33,340 · 0.31%
2022$21,592 · 0.20%
Similar plansReal Estate & Leasing · New York
Dlc Management Corporation NY$14.6M · 0.26%
Grenadier Realty Corp NY$13.5M · 0.52%
United Payroll, LLC NY$13.1M · 0.16%
Thor Equities, LLC NY$11.8M · 0.57%
Relo Redac, Inc. NY$11.7M · 0.96%

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Source: U.S. Department of Labor, Form 5500 series, EIN 111965419 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.