Plan Ledger DOL Form 5500 · updated monthly

Flexible Business Systems401(k)

FLEXIBLE BUSINESS SYSTEMS 401(K) PROFIT SHARING PLAN AND TRUST · HAUPPAUGE, NY · plan year 2024

Reported admin expense ratio · 2024
0.46%

Flexible Business Systems reported $51,092 in plan administrative expenses for 2024: 0.46% of average plan assets, higher than ~75% of peers. 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 0.49% to 0.46%. 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 among the smaller plans on file in New York (3,346th of 5,648), and 7,434th of 11,654 in professional & technical services. active participation has grown from 92 to 107 since 2022.

Plan summary
Net assets, end of year$11,846,988
Participants with balances152
Active participants107
Employer contributions—
Employee contributions$635,136
Employer contribution per active participant—
Average account balance$77,941
Benefits paid to participants$866,295
Plan auditUnmodified (clean) audit opinion
AuditorCERINI & ASSOCIATES LLP
Plan history3
Yearassets · accounts · employer contribution
2024$11.8M · 152 accts
2023$10.2M · 150 accts
2022$8.1M · 138 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,362
Investment management$32,730
Total administrative$51,092
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
R.W. ROGE & COMPANY, INC. · Recordkeeping · Trustee$32,729
ADP, INC. · Loan processing · Recordkeeping$18,362

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, R.W. ROGE & COMPANY, INC.
2023ADP, R.W. ROGE & COMPANY, INC.

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$51,092 · 0.46%
2023$45,036 · 0.49%
2022$43,186 · 0.49%
Same employer
Similar plansProfessional & Technical Services · New York
Aai Associates, Inc. NY$12.0M · 0.58%
Deepintent, Inc. NY$11.8M · 0.27%
Lockard & Wechsler LLC NY$11.8M · 0.37%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 112772357 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.