Plan Ledger DOL Form 5500 · updated monthly

Electric Ai, Inc.401(k)

ELECTRIC AI, INC. 401K PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.10%

Electric Ai, Inc. reported $6,170 in plan administrative expenses for 2024: 0.10% of average plan assets, lower 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 2 years on file its reported administrative ratio fell from 0.16% to 0.10%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (4,250th of 5,648), and 9,321st of 11,654 in professional & technical services. active participation has shrunk from 363 to 152 since 2022.

Plan summary
Net assets, end of year$6,178,440
Participants with balances176
Active participants152
Employer contributions—
Employee contributions$940,768
Employer contribution per active participant—
Average account balance$35,105
Benefits paid to participants$2,087,718
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.2M · 176 accts
2023$6.1M · 195 accts
2022$5.1M · 239 accts · $9K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,170
Total administrative$6,170
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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$6,080
PENSIONMARK FINANCIAL GROUP LLC · Investment advisory (plan)indirect comp
CETERA ADVISORS LLC · Investment advisory (plan)indirect comp
MORINGSTAR INVESTMENT MGMT LLC · Investment advisory (participants)indirect comp

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$6,170 · 0.10%
2023$19,701 · 0.35%
2022$6,908 · 0.16%
Same employer
Similar plansProfessional & Technical Services · New York
Levelup Hcs, LLC NY$6.3M · 0.13%
Acronym Media, Inc. NY$6.1M · 0.24%
Project 1972 Inc. NY$6.1M · 0.05%
Born Group Inc NY$6.1M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 813915263 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.