Plan Ledger DOL Form 5500 · updated monthly

Cardworks, Inc401(k)

CARDWORKS INC. 401(K) RETIREMENT PLAN · WOODBURY, NY · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Cardworks, Inc reported $573,620 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,117 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 0.59% to 0.51%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 666th-largest of 5,648 plans among New York employers on file, and the 1,243rd of 11,654 in professional & technical services. In 2024, employees put in $2.12 for every $1.00 the employer contributed; active participation has grown from 1,943 to 2,536 since 2022.

Plan summary
Net assets, end of year$123,745,739
Participants with balances2,507
Active participants2,536
Employer contributions$5,369,201
Employee contributions$11,384,655
Employer contribution per active participant$2,117
Average account balance$49,360
Benefits paid to participants$11,481,697
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$123.7M · 2,507 accts · $5.4M emplr
2023$102.2M · 2,536 accts · $5.2M emplr
2022$76.2M · 2,224 accts · $3.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$402,003
Investment management$141,292
Audit (IQPA)$29,400
Total administrative$573,620
The Cardworks, Inc 401(k) match · 2024
Employer contribution per active participant$2,117
Median for plans this size$3,635
2024$2,117 per active participant
2023$2,306 per active participant
2022$1,581 per active participant

Cardworks, Inc's 2024 employer contribution ran below the $3,635 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 · 20244
EMPOWER ANNUITY INSURANCE COMPANY · Contract administrator · Recordkeeping$402,003
MORGAN STANLEY CAPITAL MANAGEMENT · Investment advisory (plan)$139,985
MARCUM LLP · Accounting / audit$29,400
ADVISED ASSETS GROUP, LLC · Investment management$1,307

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

Recordkeeper by year2
2024Empower
2023Morgan Stanley, Prudential

This plan has changed recordkeepers within these filings. If you left Cardworks, Inc before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$573,620 · 0.51%
2023$539,739 · 0.60%
2022$463,697 · 0.59%
Same employer
Similar plansProfessional & Technical Services · New York
Criteo Corporation NY$133.4M · 0.15%
Legal Services Nyc NY$130.5M · 0.09%
Morrison Cohen LLP NY$126.8M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 113604755 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.