Plan Ledger DOL Form 5500 · updated monthly

Catbird Nyc LLC401(k)

CATBIRD NYC, LLC 401(K) PROFIT SHARING PLAN · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
1.03%

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

Catbird Nyc LLC reported $28,802 in plan administrative expenses for 2024: 1.03% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,164 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 0.33% to 1.03%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in New York (4,836th of 5,648), and 4,280th of 5,215 in retail trade. In 2024, the employer put in $1.04 for every $1.00 employees contributed themselves; active participation has grown from 153 to 188 since 2022.

Plan summary
Net assets, end of year$3,246,055
Participants with balances408
Active participants188
Employer contributions$406,756
Employee contributions$389,650
Employer contribution per active participant$2,164
Average account balance$7,956
Benefits paid to participants$242,801
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.2M · 408 accts · $407K emplr
2023$2.4M · 312 accts · $362K emplr
2022$505K · 219 accts · $301K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,802
Total administrative$28,802
The Catbird Nyc LLC 401(k) match · 2024
Employer contribution per active participant$2,164
Median for plans this size$1,313
2024$2,164 per active participant
2023$1,905 per active participant
2022$1,965 per active participant

Catbird Nyc LLC's 2024 employer contribution ran above the $1,313 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 · 20245
KESTRA ADVISORY SERVICES LLC · Investment advisory (plan)$14,362
KESTRA ADVISORY SERVICES LLC · Investment advisory (plan)$11,225
EMPOWER ADVISORY GROUP, LLC · Investment management$5,214
PRCA · Contract administrator$450

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$28,802 · 1.03%
2023$14,325 · 1.00%
2022$1,666 · 0.33%
All plans at this employer3
CATBIRD NYC, LLC 401(K) PROFIT SHARING PLAN401(k)
RONY E. VARDI, INC. 401(K) PROFIT SHARING PLAN401(k)
CATBIRD NYC, LLC 401(K) PROFIT SHARING PLAN401(k)
Same employer
Similar plansRetail Trade · New York
Diptyque Distribution LLC NY$3.5M · 0.12%
Omega Moulding Co LTD NY$3.4M · 0.03%
Chapter 4 Corp NY$3.3M · 0.69%
Pair Eyewear Inc NY$2.9M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 205172055 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.