Plan Ledger DOL Form 5500 · updated monthly

First Realty Management Inc401(k)

FIRST REALTY MANAGEMENT INC 401(K) PROFIT SHARING PLAN & TRUST · ROCHESTER, NY · plan year 2024

Reported admin expense ratio · 2024
0.86%

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

First Realty Management Inc reported $52,371 in plan administrative expenses for 2024: 0.86% of average plan assets, higher than ~75% of peers. Employer contributions averaged $879 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 fell from 0.91% to 0.86%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in New York (4,171st of 5,648), and 2,081st of 3,341 in other services. In 2024, employees put in $7.05 for every $1.00 the employer contributed; active participation has shrunk from 111 to 86 since 2022.

Plan summary
Net assets, end of year$6,499,845
Participants with balances138
Active participants86
Employer contributions$75,616
Employee contributions$533,190
Employer contribution per active participant$879
Average account balance$47,100
Benefits paid to participants$524,499
Plan auditUnmodified (clean) audit opinion
AuditorSBFR PARTNERS LLP
Plan history3
Yearassets · accounts · employer contribution
2024$6.5M · 138 accts · $76K emplr
2023$5.7M · 173 accts · $90K emplr
2022$4.5M · 175 accts · $89K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,730
Investment management$12,169
Audit (IQPA)$9,750
Trustee / custodial$13,722
Total administrative$52,371
The First Realty Management Inc 401(k) match · 2024
Employer contribution per active participant$879
Median for plans this size$1,313
2024$879 per active participant
2023$861 per active participant
2022$799 per active participant

First Realty Management Inc's 2024 employer contribution ran below the $1,313 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 · 20246
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$13,898
GLOBAL RETIREMENT PARTNERS · Contract administrator · Investment advisory (participants)$10,602
PAYCHEX, INC. · Contract administrator · Investment advisory (participants)$8,448
ERISA FIDUCIARY SERVICES, INC. · Contract administrator · Investment advisory (participants)$8,106
WELLTH ADVISORY SERVICES, LLC · Contract administrator · Investment advisory (participants)$1,567
SBFR PARTNERS LLP · Accounting / audit$9,750

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

Recordkeeper by year2
2024Alerus, ERISA FIDUCIARY SERVICES, INC., GLOBAL RETIREMENT PARTNERS, Paychex, WELLTH ADVISORY SERVICES, LLC
2023ERISA FIDUCIARY SERVICES, INC., GLOBAL RETIREMENT PARTNERS, Paychex

This plan has changed recordkeepers within these filings. If you left First Realty Management 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$52,371 · 0.86%
2023$56,857 · 1.11%
2022$44,521 · 0.91%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 264328600 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.