Plan Ledger DOL Form 5500 · updated monthly

Cipriani USA Inc401(k)

CIPRIANI USA, INC. · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.62%

Cipriani USA Inc reported $19,181 in plan administrative expenses for 2024: 0.62% of average plan assets, above the peer median. 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 0.48% to 0.62%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in New York (4,758th of 5,648), and the 1,094th of 2,240 in accommodation & food services. active participation has grown from 170 to 566 since 2022.

Plan summary
Net assets, end of year$3,603,919
Participants with balances169
Active participants566
Employer contributions—
Employee contributions$773,948
Employer contribution per active participant—
Average account balance$21,325
Benefits paid to participants$58,425
Plan auditUnmodified (clean) audit opinion
AuditorPKF OCONNOR DAVIES
Plan history3
Yearassets · accounts · employer contribution
2024$3.6M · 169 accts
2023$2.6M · 157 accts
2022$1.7M · 155 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,890
Total administrative$19,181
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
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$12,992
ADP, INC. · Loan processing · Recordkeeping$6,188
ADP BROKER-DEALER · Other servicesindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

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Administrative cost history3
2024$19,181 · 0.62%
2023$9,867 · 0.46%
2022$7,685 · 0.48%
Same employer
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Nicotra Group, LLC NY$3.8M · 0.05%
Mfpjjrt Enterprises, Inc. NY$3.7M · 0.90%
Goldbely, Inc. NY$3.6M · 0.17%
Van Jan Cabarets, Inc. NY$3.6M · 0.28%
Apple Metro, Inc. NY$3.5M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 134003902 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.