Plan Ledger DOL Form 5500 · updated monthly

Elevation Services Holdings II, LLC401(k)

AEG MERIT HOLDING COMPANY 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Elevation Services Holdings II, LLC reported $142,976 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $5,117 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 has held roughly steady near 0.290%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 1,325th-largest of 5,648 plans among New York employers on file, and the 415th of 3,341 in other services. In 2024, employees put in $1.22 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$52,009,298
Participants with balances561
Active participants619
Employer contributions$3,167,674
Employee contributions$3,864,912
Employer contribution per active participant$5,117
Average account balance$92,708
Benefits paid to participants$5,133,954
Plan auditUnmodified (clean) audit opinion
AuditorHARDING SHYMANSKI & CO P.S.C
Plan history2
Yearassets · accounts · employer contribution
2024$52.0M · 561 accts · $3.2M emplr
2023$46.6M · 588 accts · $3.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$142,976
Total administrative$142,976
The Elevation Services Holdings II, LLC 401(k) match · 2024
Employer contribution per active participant$5,117
Median for plans this size$2,416
2024$5,117 per active participant
2023$4,505 per active participant

Elevation Services Holdings II, LLC's 2024 employer contribution ran above the $2,416 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$117,508
RETIREMENT MANAGEMENT SERVICES, LLC · Contract administrator · Investment advisory (plan)$25,468
KESTRA ADVISORY SERVICES, LLC · Investment advisory (plan)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · 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 history2
2024$142,976 · 0.29%
2023$135,945 · 0.29%
Similar plansOther Services · New York
Plaza Construction, LLC NY$55.6M · 0.12%
Jewish National Fund, Inc. NY$46.1M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 851154051 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.