Plan Ledger DOL Form 5500 · updated monthly

Finn Dixon & Herling LLP401(k)

FINN DIXON & HERLING LLP 401(K) PROFIT SHARING PLAN · STAMFORD, CT · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Finn Dixon & Herling LLP reported $131,173 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $10,327 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 0.32% to 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 353rd-largest of 1,106 plans among Connecticut employers on file, and the 3,424th of 11,654 in professional & technical services. In 2024, employees put in $1.42 for every $1.00 the employer contributed; active participation has grown from 101 to 114 since 2022.

Plan summary
Net assets, end of year$38,286,970
Participants with balances134
Active participants114
Employer contributions$1,177,227
Employee contributions$1,667,366
Employer contribution per active participant$10,327
Average account balance$285,724
Benefits paid to participants$4,294,829
Plan auditUnmodified (clean) audit opinion
AuditorMAHONEY SABOL & COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$38.3M · 134 accts · $1.2M emplr
2023$34.7M · 124 accts · $1.1M emplr
2022$29.9M · 125 accts · $989K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,263
Investment management$72,235
Audit (IQPA)$14,675
Total administrative$131,173
The Finn Dixon & Herling LLP 401(k) match · 2024
Employer contribution per active participant$10,327
Median for plans this size$2,416
2024$10,327 per active participant
2023$9,907 per active participant
2022$9,794 per active participant

Finn Dixon & Herling LLP'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 · 20243
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$44,263
MORGAN STANLEY GLOBAL BANKING OPS · Investment advisory (plan)$72,235
MAHONEY SABOL AND COMPANY · Accounting / audit$14,675

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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Administrative cost history3
2024$131,173 · 0.36%
2023$73,160 · 0.23%
2022$110,145 · 0.32%
Similar plansProfessional & Technical Services · Connecticut
Halloran & Sage, LLP CT$45.1M · 0.26%
The Lockwood Group, LLC CT$45.0M · 0.01%
Jcj Business Corp, Inc. CT$41.6M · 0.20%
Cidra Holdings LLC CT$36.6M · 0.04%
Tallan, Inc. CT$33.4M · 0.31%
Charter Brokerage, LLC CT$31.4M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061190097 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.