Plan Ledger DOL Form 5500 · updated monthly

Commerzbank AG401(k)

COMMERZBANK AKTIENGESELLSCHAFT 401(K) SAVINGS 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

Commerzbank AG reported $106,857 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $14,660 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 0.02% to 0.03%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 277th-largest of 5,648 plans among New York employers on file, and the 373rd of 4,798 in finance & insurance. In 2024, employees put in $1.33 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$384,956,267
Participants with balances960
Active participants269
Employer contributions$3,943,561
Employee contributions$5,238,545
Employer contribution per active participant$14,660
Average account balance$400,996
Benefits paid to participants$36,400,321
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$385.0M · 960 accts · $3.9M emplr
2023$358.1M · 1,010 accts · $3.8M emplr
2022$307.3M · 1,052 accts · $3.8M emplr
Administrative expenses, itemized · 2024
Investment management$60,162
Audit (IQPA)$34,040
Total administrative$106,857
The Commerzbank AG 401(k) match · 2024
Employer contribution per active participant$14,660
Median for plans this size$4,294
2024$14,660 per active participant
2023$14,567 per active participant
2022$14,209 per active participant

Commerzbank AG's 2024 employer contribution ran above the $4,294 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 · 20245
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$53,634
BDO USA, P.C. · Accounting / audit$34,040
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$31,668
BUCK GOBAL INC · Investment advisory (plan)$28,494
NIXON PEABODY · Legal$12,655

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$106,857 · 0.03%
2023$110,209 · 0.03%
2022$78,590 · 0.02%
Same employer
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Nbt Bancorp Inc. NY$415.4M · 0.01%
AG US Group Services Inc. NY$409.7M · 0.00%
Fig LLC NY$393.8M · 0.07%
Baron Capital, Inc. NY$353.9M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 132682661 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.