Essence Ventures, LLC401(k)
ESSENCE VENTURES, LLC 401(K) PLAN · BROOKLYN, NY · plan year 2024
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Essence Ventures, LLC reported $88,284 in plan administrative expenses for 2024: 1.34% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,458 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 1.23% to 1.34%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in New York (3,871st of 5,648), and 1,616th of 2,199 in information & media. In 2024, employees put in $1.49 for every $1.00 the employer contributed; active participation has grown from 92 to 163 since 2022.
Essence Ventures, LLC's 2024 employer contribution ran above the $1,313 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Looking for an account from a past job here? How to find an old 401(k).
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 823418584 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.