CHECKOUT, LLC 401(K) PROFIT SHARING PLAN · NEW YORK, NY · plan year 2024
Reported admin expense ratio · 2024
0.03%
Peer grade: A· admin costs + employer contributions vs same-size plans · how grading works
Checkout, LLC reported $2,189 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $7,739 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 1 year on file its reported administrative ratio fell from 0.10% to 0.03%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is among the smaller plans on file in New York (3,859th of 5,648), and 506th of 945 in agriculture, forestry & fishing. In 2024, employees put in $1.74 for every $1.00 the employer contributed.
Plan summary
Net assets, end of year$8,405,378
Participants with balances263
Active participants108
Employer contributions$835,821
Employee contributions$1,457,971
Employer contribution per active participant$7,739
Employer contribution per active participant$7,739
Median for plans this size$1,313
2024$7,739 per active participant
2023$6,437 per active participant
Checkout, LLC's 2024 employer contribution ran above the $1,313 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.
Source: U.S. Department of Labor, Form 5500 series, EIN 364865815 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.