Plan Ledger DOL Form 5500 · updated monthly

Certilman Balin Adler & Hyman, LLP401(k)

CERTILMAN BALIN ADLER & HYMAN, LLP SALARY REDUCTION & BONUS DEFERRAL PLAN · EAST MEADOW, NY · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Certilman Balin Adler & Hyman, LLP reported $5,240 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $7,959 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 0.02% to 0.01%. 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 1,072nd-largest of 5,648 plans among New York employers on file, and the 2,075th of 11,654 in professional & technical services. In 2024, employees put in $1.82 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$69,431,699
Participants with balances186
Active participants141
Employer contributions$1,122,212
Employee contributions$2,038,631
Employer contribution per active participant$7,959
Average account balance$373,289
Benefits paid to participants$6,103,122
Plan auditUnmodified (clean) audit opinion
AuditorGRASSI & CO., CPA'S P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$69.4M · 186 accts · $1.1M emplr
2023$63.0M · 188 accts · $1.2M emplr
2022$56.6M · 184 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,350
Total administrative$5,240
The Certilman Balin Adler & Hyman, LLP 401(k) match · 2024
Employer contribution per active participant$7,959
Median for plans this size$3,635
2024$7,959 per active participant
2023$8,033 per active participant
2022$7,979 per active participant

Certilman Balin Adler & Hyman, LLP's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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 · 20243
WILMINGTON TRUSTindirect comp
ASSOCIATED PENSION CONSULTANTS, INC · Other servicesindirect comp
MORNINGSTAR · Investment advisory (plan)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$5,240 · 0.01%
2023$10,888 · 0.02%
2022$11,545 · 0.02%
Similar plansProfessional & Technical Services · New York
Teneo Holdings LLC NY$71.0M · 0.26%
Schluter Systems L.P. NY$70.0M · 0.47%
Kobre & Kim LLP NY$67.8M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 116188872 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.