Plan Ledger DOL Form 5500 · updated monthly

Ciminelli Real Estate Corporation401(k)

CIMINELLI REAL ESTATE CORPORATION 401(K) PLAN · BUFFALO, NY · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Ciminelli Real Estate Corporation reported $93,405 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $1,382 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 0.04% to 0.43%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 2,246th-largest of 5,648 plans among New York employers on file, and the 558th of 2,096 in real estate & leasing. In 2024, employees put in $4.72 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,981,429
Participants with balances248
Active participants205
Employer contributions$283,299
Employee contributions$1,337,033
Employer contribution per active participant$1,382
Average account balance$96,699
Benefits paid to participants$1,075,311
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.0M · 248 accts · $283K emplr
2023$19.6M · 236 accts · $282K emplr
2022$14.8M · 221 accts · $119K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$46,640
Investment management$46,765
Total administrative$93,405
The Ciminelli Real Estate Corporation 401(k) match · 2024
Employer contribution per active participant$1,382
Median for plans this size$2,416
2024$1,382 per active participant
2023$1,418 per active participant
2022$594 per active participant

Ciminelli Real Estate Corporation's 2024 employer contribution ran below the $2,416 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$46,640

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$93,405 · 0.43%
2023$8,499 · 0.05%
2022$6,549 · 0.04%
Similar plansReal Estate & Leasing · New York
Phipps Houses NY$27.1M · 0.32%
Conifer Realty LLC NY$24.6M · 0.62%
Rockrose Development, LLC NY$24.5M · 0.18%
View the Space, Inc. NY$24.5M · 0.05%
Skyworks, LLC NY$23.7M · 0.13%
Westminster Management, LLC NY$23.5M · 0.67%
Peco Pallet Inc. NY$23.3M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161296727 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.