Plan Ledger DOL Form 5500 · updated monthly

Broadway National Group LLC401(k)

BROADWAY NATIONAL GROUP LLC 401(K) PROFIT SHARING PLAN · HAUPPAUGE, NY · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Broadway National Group LLC reported $17,171 in plan administrative expenses for 2024: 0.57% of average plan assets, above the peer median. Employer contributions averaged $585 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 0.07% to 0.57%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in New York (4,822nd of 5,648), and 1,698th of 2,534 in administrative & support services. In 2024, employees put in $3.80 for every $1.00 the employer contributed; active participation has grown from 200 to 220 since 2022.

Plan summary
Net assets, end of year$3,319,539
Participants with balances148
Active participants220
Employer contributions$128,608
Employee contributions$488,549
Employer contribution per active participant$585
Average account balance$22,429
Benefits paid to participants$315,941
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.3M · 148 accts · $129K emplr
2023$2.7M · 149 accts · $123K emplr
2022$2.1M · 129 accts · $59K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,171
Total administrative$17,171
The Broadway National Group LLC 401(k) match · 2024
Employer contribution per active participant$585
Median for plans this size$1,313
2024$585 per active participant
2023$519 per active participant
2022$294 per active participant

Broadway National Group LLC's 2024 employer contribution ran below the $1,313 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 · 20241
ADP, INC. · Loan processing · Recordkeeping$17,171

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$17,171 · 0.57%
2023$2,670 · 0.11%
2022$1,321 · 0.07%
Same employer
Similar plansAdministrative & Support Services · New York
The Northstar Snf NY$3.6M · 1.10%
Templafy, LLC NY$3.5M · 0.15%
Talentful NY$3.4M · 0.16%
Rehab Resources, PC NY$3.4M · 0.35%
Datrose, Inc. NY$3.3M · 0.29%
Brosnan Risk Consultants NY$3.3M · 1.14%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 320264344 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.