Plan Ledger DOL Form 5500 · updated monthly

Executive Charge Inc401(k)

EXECUTIVE CHARGE INC 401(K) PROFIT SHARING PLAN & TRUST · LONG ISLAND CITY, NY · plan year 2023

Reported admin expense ratio · 2023
0.73%

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

Executive Charge Inc reported $39,460 in plan administrative expenses for 2023: 0.73% of average plan assets, above the peer median. Employer contributions averaged $0 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 0.67% to 0.82%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in New York (4,358th of 5,648), and 1,548th of 2,677 in transportation & warehousing.

Plan summary
Net assets, end of year$5,632,940
Participants with balances193
Active participants113
Employer contributions$0
Employee contributions$203,203
Employer contribution per active participant$0
Average account balance$29,186
Benefits paid to participants$624,891
Plan auditUnmodified (clean) audit opinion
AuditorDDK & COMPANY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$4.7M · 183 accts · $4K emplr
2023$5.6M · 193 accts
2022$5.2M · 207 accts · $428 emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$8,798
Investment management$15,662
Total administrative$39,460
The Executive Charge Inc 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$1,308
2024$38 per active participant
2022$3 per active participant

Executive Charge Inc's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
RESOURCES INVESTMENT ADVISORS, LLC · Recordkeeping · Investment advisory (participants)$14,311
PAYCHEX, INC. · Recordkeeping · Investment advisory (participants)$9,029

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

Recordkeeper by year2
2024Paychex
2023Paychex, RESOURCES INVESTMENT ADVISORS, LLC

This plan has changed recordkeepers within these filings. If you left Executive Charge Inc before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$42,384 · 0.82%
2023$39,460 · 0.73%
2022$43,346 · 0.67%
All plans at this employer2
EXECUTIVE CHARGE INC 401(K) PROFIT SHARING PLAN & TRUST401(k)
EXECUTIVE CHARGE INC 401(K) PROFIT SHARING PLAN & TRUST401(k)
Similar plansTransportation & Warehousing · New York
C. Blackburn Inc. NY$6.3M · 0.83%
Alpi USA, Inc. NY$5.2M · 0.78%
Fire Island Ferries, Inc. NY$5.1M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112456247 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.