Plan Ledger DOL Form 5500 · updated monthly

Clover Management, Inc.401(k)

CLOVER MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN · WILLIAMSVILLE, NY · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Clover Management, Inc. reported $8,774 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $1,728 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 3 years on file its reported administrative ratio has held roughly steady near 0.216%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in New York (4,560th of 5,648), and 1,562nd of 2,096 in real estate & leasing. In 2024, employees put in $2.26 for every $1.00 the employer contributed; active participation has grown from 126 to 140 since 2022.

Plan summary
Net assets, end of year$4,614,134
Participants with balances106
Active participants140
Employer contributions$241,870
Employee contributions$546,694
Employer contribution per active participant$1,728
Average account balance$43,530
Benefits paid to participants$154,668
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.6M · 106 accts · $242K emplr
2023$3.5M · 92 accts · $52K emplr
2022$3.6M · 91 accts · $54K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,774
Total administrative$8,774
The Clover Management, Inc. 401(k) match · 2024
Employer contribution per active participant$1,728
Median for plans this size$1,313
2024$1,728 per active participant
2023$397 per active participant
2022$428 per active participant

Clover Management, Inc.'s 2024 employer contribution ran above the $1,313 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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$1,074

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$8,774 · 0.22%
2023$8,100 · 0.23%
2022$8,400 · 0.22%
Similar plansReal Estate & Leasing · New York
Broadway Maintenance LLC NY$5.2M · 0.28%
Ashcroft Capital, LLC NY$4.6M · 0.65%
Spruce Holdings Inc. NY$4.6M · 0.36%
New York Flower LLC NY$4.6M · 0.10%
Stonehenge Management LLC NY$4.5M · 0.06%
Capital Realty Group Inc NY$4.5M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133559931 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.