What are the fees in the Cookunity, Inc 401(k) plan?

For plan year 2024, Cookunity, Inc reported $27,046 in plan administrative expenses, or 2.92% of average plan assets — higher than ~75% of peers. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Cookunity, Inc 401(k)?

The average participant account balance was $3,200 for plan year 2024, based on 498 accounts.

Cookunity, Inc401(k)

Name: Cookunity, Inc 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

COOKUNITY, INC 401(K) PLAN · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024

2.92%

Cookunity, Inc reported $27,046 in plan administrative expenses for 2024: 2.92% of average plan assets, higher than ~75% of peers. 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 1 year on file its reported administrative ratio rose from 1.33% to 2.92%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in New York (5,208th of 5,648), and 4,789th of 5,215 in retail trade.

Plan summary
Net assets, end of year$1,593,373
Participants with balances498
Active participants506
Employer contributions—
Employee contributions$787,619
Employer contribution per active participant—
Average account balance$3,200
Benefits paid to participants$167,730
Plan auditUnmodified (clean) audit opinion
AuditorSENSIBA LLP

Plan history2

Yearassets · accounts · employer contribution

2024$1.6M · 498 accts

2023$261K · 322 accts

Administrative expenses, itemized · 2024

Recordkeeping & contract admin$26,181

Investment management$865

Total administrative$27,046

What these fees cost you

Your balance

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

PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$26,180

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

Administrative cost history2

2024$27,046 · 2.92%

2023$3,479 · 1.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 047330241 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.