Plan Ledger DOL Form 5500 · updated monthly

Frankly Media, LLC401(k)

FRANKLY MEDIA, LLC 401(K) PLAN · LONG ISLAND CITY, NY · plan year 2023

Reported admin expense ratio · 2023
0.39%

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

Frankly Media, LLC reported $19,153 in plan administrative expenses for 2023: 0.39% of average plan assets, below the peer median. Employer contributions averaged $0 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 0.45% to 0.59%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (4,406th of 5,648), and 9,649th of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$5,394,390
Participants with balances101
Active participants64
Employer contributions$0
Employee contributions$365,011
Employer contribution per active participant$0
Average account balance$53,410
Benefits paid to participants$202,295
Plan auditUnmodified (clean) audit opinion
AuditorMURPHY, MILLER & BAGLIERI, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$5.0M · 105 accts
2023$5.4M · 101 accts
2022$4.4M · 100 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$7,488
Investment management$11,665
Total administrative$19,153
The Frankly Media, LLC 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$1,308

Frankly Media, LLC's 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
RAYMOND JAMES & ASSOCIATES INC · Investment advisory (plan)$11,665
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$7,488

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

Administrative cost history3
2024$30,526 · 0.59%
2023$19,153 · 0.39%
2022$20,986 · 0.45%
Similar plansProfessional & Technical Services · New York
Marketing Evolution Inc. NY$5.6M · 0.69%
Chantecaille Beaute Inc NY$5.5M · 0.86%
The Dtx Company NY$5.5M · 0.14%
Gpc International, Inc. NY$5.5M · 0.66%
Level, Inc. NY$5.3M · 0.12%
Sibylline Americas Inc NY$5.2M · 0.16%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 870609958 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.