Plan Ledger DOL Form 5500 · updated monthly

Gibney, Anthony & Flaherty LLP401(k)

GIBNEY, ANTHONY AND FLAHERTY LLP PROFIT SHARING PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Gibney, Anthony & Flaherty LLP reported $7,692 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,552 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 0.010% to 0.014%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,257th-largest of 5,648 plans among New York employers on file, and the 2,493rd of 11,654 in professional & technical services. In 2024, employees put in $2.29 for every $1.00 the employer contributed; active participation has shrunk from 136 to 109 since 2022.

Plan summary
Net assets, end of year$56,579,390
Participants with balances182
Active participants109
Employer contributions$496,137
Employee contributions$1,134,792
Employer contribution per active participant$4,552
Average account balance$310,876
Benefits paid to participants$6,746,196
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$56.6M · 182 accts · $496K emplr
2023$52.6M · 142 accts · $521K emplr
2022$45.7M · 181 accts · $459K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$300
Investment management$7,392
Total administrative$7,692
The Gibney, Anthony & Flaherty LLP 401(k) match · 2024
Employer contribution per active participant$4,552
Median for plans this size$3,635
2024$4,552 per active participant
2023$3,751 per active participant
2022$3,376 per active participant

Gibney, Anthony & Flaherty LLP's 2024 employer contribution ran above the $3,635 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.

Administrative cost history3
2024$7,692 · 0.01%
2023$6,669 · 0.01%
2022$5,148 · 0.01%
Same employer
Similar plansProfessional & Technical Services · New York
Brooklyn Defender Services NY$59.3M · 0.42%
Flextrade Systems, Inc. NY$57.7M · 0.02%
Mitchell/Martin Inc. NY$56.3M · 0.27%
Berlinrosen Holdings NY$55.9M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 131910984 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.