Plan Ledger DOL Form 5500 · updated monthly

Forum Personnel Inc.401(k)

FORUM PERSONNEL INC 401(K) PROFIT SHARING PLAN & TRUST · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.52%

Forum Personnel Inc. reported $36,427 in plan administrative expenses for 2024: 0.52% of average plan assets, below the peer median. 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 3 years on file its reported administrative ratio has held roughly steady near 0.52%. 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 (4,032nd of 5,648), and 1,967th of 3,341 in other services.

Plan summary
Net assets, end of year$7,311,667
Participants with balances264
Active participants2,155
Employer contributions—
Employee contributions$586,619
Employer contribution per active participant—
Average account balance$27,696
Benefits paid to participants$779,863
Plan auditUnmodified (clean) audit opinion
AuditorKVLSM
Plan history2
Yearassets · accounts · employer contribution
2024$7.3M · 264 accts
2022$5.7M · 325 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,127
Investment management$17,440
Trustee / custodial$860
Total administrative$36,427
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
PAYCHEX, INC. · Recordkeeping$18,127
COMPASS ADVISORY GROUP LLC · Investment advisory (participants)$17,440

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

Administrative cost history2
2024$36,427 · 0.52%
2022$30,112 · 0.51%
Similar plansOther Services · New York
Cdp North America, Inc. NY$7.4M · 0.04%
Smith Cairns Ford Inc NY$7.2M · 0.02%
Hill West Architects LLP NY$7.2M · 0.11%

Why are you looking at this plan?

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Source: U.S. Department of Labor, Form 5500 series, EIN 132781308 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.