Plan Ledger DOL Form 5500 · updated monthly

Harry N. Abrams, Inc401(k)

HARRY N. ABRAMS, INC. 401(K) SAVINGS PLAN · NEW YORK, NY · plan year 2023

Reported admin expense ratio · 2023
0.13%

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

Harry N. Abrams, Inc reported $32,623 in plan administrative expenses for 2023: 0.13% of average plan assets, below the peer median. Employer contributions averaged $3,533 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 fell from 0.17% to 0.15%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other information & media employers. By assets it is the 2,100th-largest of 5,648 plans among New York employers on file, and the 844th of 2,199 in information & media. In 2023, employees put in $2.64 for every $1.00 the employer contributed; active participation has shrunk from 174 to 147 since 2022.

Plan summary
Net assets, end of year$26,915,113
Participants with balances222
Active participants147
Employer contributions$519,405
Employee contributions$1,370,902
Employer contribution per active participant$3,533
Average account balance$121,239
Benefits paid to participants$2,215,614
Plan auditUnmodified (clean) audit opinion
AuditorBORIS BENIC & ASSOCIATES, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$23.3M · 207 accts · $466K emplr
2023$26.9M · 222 accts · $519K emplr
2022$22.5M · 218 accts · $537K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$1,787
Investment management$30,836
Total administrative$32,623
The Harry N. Abrams, Inc 401(k) match · 2023
Employer contribution per active participant$3,533
Median for plans this size$2,440
2024$3,582 per active participant
2023$3,533 per active participant
2022$3,089 per active participant

Harry N. Abrams, Inc's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
USI ADVISORS INC · Investment advisory (plan)$26,500
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$6,123

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$36,819 · 0.15%
2023$32,623 · 0.13%
2022$43,241 · 0.17%
Same employer
Similar plansInformation & Media · New York
Downtown Music LLC NY$29.0M · 0.26%
Questex LLC NY$28.7M · 0.39%
Newsela, Inc. NY$27.7M · 0.20%
Noom, Inc. NY$26.8M · 0.54%
Bloomsbury Publishing Inc. NY$25.3M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 131601701 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.