Plan Ledger DOL Form 5500 · updated monthly

Cifc Asset Management LLC401(k)

CIFC ASSET MANAGEMENT LLC RETIREMENT PLAN · NEW YORK, 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

Cifc Asset Management LLC reported $3,865 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $7,376 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 0.009% to 0.008%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,254th-largest of 5,648 plans among New York employers on file, and the 1,527th of 4,798 in finance & insurance. In 2024, employees put in $2.32 for every $1.00 the employer contributed; active participation has grown from 130 to 204 since 2022.

Plan summary
Net assets, end of year$56,848,397
Participants with balances276
Active participants204
Employer contributions$1,504,804
Employee contributions$3,488,881
Employer contribution per active participant$7,376
Average account balance$205,972
Benefits paid to participants$2,133,660
Plan auditUnmodified (clean) audit opinion
AuditorLEHMAN FLYNN VOLLARO NY CPA'S PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$56.8M · 276 accts · $1.5M emplr
2023$45.6M · 273 accts · $1.5M emplr
2022$23.6M · 176 accts · $923K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,865
Total administrative$3,865
The Cifc Asset Management LLC 401(k) match · 2024
Employer contribution per active participant$7,376
Median for plans this size$3,635
2024$7,376 per active participant
2023$7,782 per active participant
2022$7,103 per active participant

Cifc Asset Management LLC'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 · 20241
FIDELITY INVESTMENTS INST. OP. CO. · Loan processing$3,915

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$3,865 · 0.01%
2023$3,294 · 0.01%
2022$2,300 · 0.01%
Same employer
Similar plansFinance & Insurance · New York
Rosenthal & Rosenthal Inc. NY$57.1M · 0.02%
Better Holdco, Inc. NY$56.0M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 452525882 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.