Plan Ledger DOL Form 5500 · updated monthly

Fao Rock Holding401(k)

FAO ROCK HOLDING 401K PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
1.00%

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

Fao Rock Holding reported $9,395 in plan administrative expenses for 2024: 1.00% of average plan assets, above the peer median. Employer contributions averaged $987 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 0.51% to 1.00%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in New York (5,306th of 5,648), and 4,933rd of 5,215 in retail trade. In 2024, employees put in $1.44 for every $1.00 the employer contributed; active participation has grown from 131 to 156 since 2022.

Plan summary
Net assets, end of year$1,145,351
Participants with balances162
Active participants156
Employer contributions$153,960
Employee contributions$222,396
Employer contribution per active participant$987
Average account balance$7,070
Benefits paid to participants$115,996
Plan auditUnmodified (clean) audit opinion
AuditorBRHE GROUP
Plan history3
Yearassets · accounts · employer contribution
2024$1.1M · 162 accts · $154K emplr
2023$742K · 152 accts · $136K emplr
2022$542K · 286 accts · $108K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,301
Investment management$2,094
Total administrative$9,395
The Fao Rock Holding 401(k) match · 2024
Employer contribution per active participant$987
Median for plans this size$540
2024$987 per active participant
2023$1,007 per active participant
2022$827 per active participant

Fao Rock Holding's 2024 employer contribution ran above the $540 median for plans its size. 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 · 20242
ADP, INC. · Loan processing · Recordkeeping$7,301
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

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Administrative cost history3
2024$9,395 · 1.00%
2023$14,721 · 2.29%
2022$2,640 · 0.51%
Similar plansRetail Trade · New York
Canada Goose US Inc NY$1.2M · 0.98%
TFP1, Inc. NY$1.1M · 0.85%
Dia Styling Inc. NY$1.0M · 0.85%

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Source: U.S. Department of Labor, Form 5500 series, EIN 823439655 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.