Plan Ledger DOL Form 5500 · updated monthly

Gfp Real Estate LLC401(k)

GFP REAL ESTATE LLC 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Gfp Real Estate LLC reported $76,226 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $2,964 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 0.33% to 0.38%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 2,431st-largest of 5,648 plans among New York employers on file, and the 631st of 2,096 in real estate & leasing. In 2024, employees put in $4.22 for every $1.00 the employer contributed; active participation has shrunk from 161 to 93 since 2022.

Plan summary
Net assets, end of year$21,351,659
Participants with balances100
Active participants93
Employer contributions$275,662
Employee contributions$1,164,628
Employer contribution per active participant$2,964
Average account balance$213,517
Benefits paid to participants$1,498,213
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.4M · 100 accts · $276K emplr
2023$18.3M · 101 accts · $299K emplr
2022$16.7M · 105 accts · $194K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$49,950
Investment management$26,276
Total administrative$76,226
The Gfp Real Estate LLC 401(k) match · 2024
Employer contribution per active participant$2,964
Median for plans this size$2,416
2024$2,964 per active participant
2023$2,821 per active participant
2022$1,204 per active participant

Gfp Real Estate LLC's 2024 employer contribution ran above the $2,416 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 · 20243
CBIZ CPAS P.C. · Accounting / audit$21,850
IFA BENEFITS, LLC · Investment advisory (plan)$13,479
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

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$76,226 · 0.38%
2023$59,833 · 0.34%
2022$58,940 · 0.33%
Similar plansReal Estate & Leasing · New York
Solidifi U.S. Inc. NY$22.5M · 0.53%
Dreamscape Companies LLC NY$22.4M · 0.20%
Samson Management NY$21.4M · 0.22%
Kraus Holdings, Inc NY$21.2M · 0.01%
Milford Consultants LTD. NY$20.8M · 0.25%
Dreamscape Companies LLC NY$20.7M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 464358048 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.