Plan Ledger DOL Form 5500 · updated monthly

Employer Services Corporation401(k)

EMPLOYER SERVICES CORPORATION'S 401(K) RETIREMENT PLAN · AMHERST, NY · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Employer Services Corporation reported $661,457 in plan administrative expenses for 2024: 0.50% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,288 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 0.45% to 0.50%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 637th-largest of 5,648 plans among New York employers on file, and the 1,169th of 11,654 in professional & technical services. In 2024, employees put in $2.51 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$133,545,614
Participants with balances2,486
Active participants3,039
Employer contributions$3,913,838
Employee contributions$9,832,231
Employer contribution per active participant$1,288
Average account balance$53,719
Benefits paid to participants$19,941,264
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$133.5M · 2,486 accts · $3.9M emplr
2023$133.2M · 2,265 accts · $3.4M emplr
2022$105.4M · 2,079 accts · $3.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$642,457
Total administrative$661,457
The Employer Services Corporation 401(k) match · 2024
Employer contribution per active participant$1,288
Median for plans this size$3,635
2024$1,288 per active participant
2023$1,146 per active participant
2022$1,011 per active participant

Employer Services Corporation's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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 · 20247
TRANSAMERICA RETIREMENT SOLUTIONS, · Recordkeeping · Loan processing$89,060
PINNACLE FINANCIAL SERVICES, INC. · Recordkeeping · Loan processing$2,212
DOPKINS WEALTH MANAGEMENT · Investment advisory (plan)$199,483
PINNACLE FINANCIAL SERVICES, INC. · Contract administrator$146,313
DOPKINS WEALTH MANAGEMENT LLC · Investment advisory (plan)$37,664
360 PAYROLL INTEGRATION CORP$14,061

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$661,457 · 0.50%
2023$566,016 · 0.47%
2022$564,877 · 0.45%
Same employer
Similar plansProfessional & Technical Services · New York
Sh Group, Inc. NY$140.7M · 0.08%
Flatiron Health, Inc. NY$138.1M · 0.03%
Clyde & Co US LLP NY$136.3M · 0.10%
Criteo Corporation NY$133.4M · 0.15%
Legal Services Nyc NY$130.5M · 0.09%
Morrison Cohen LLP NY$126.8M · 0.07%
Cardworks, Inc NY$123.7M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161479373 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.