Plan Ledger DOL Form 5500 · updated monthly

Herrick, Feinstein LLP401(k)

HERRICK, FEINSTEIN LLP SAVINGS AND PROFIT SHARING PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Herrick, Feinstein LLP reported $96,084 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $13,213 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 0.27% to 0.13%. 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 928th-largest of 5,648 plans among New York employers on file, and the 1,790th of 11,654 in professional & technical services. In 2024, the employer put in $1.08 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$82,143,374
Participants with balances184
Active participants128
Employer contributions$1,691,289
Employee contributions$1,564,105
Employer contribution per active participant$13,213
Average account balance$446,431
Benefits paid to participants$1,521,321
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$82.1M · 184 accts · $1.7M emplr
2023$68.0M · 184 accts · $1.5M emplr
2022$55.7M · 188 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$49,721
Investment management$30,613
Audit (IQPA)$15,750
Total administrative$96,084
The Herrick, Feinstein LLP 401(k) match · 2024
Employer contribution per active participant$13,213
Median for plans this size$3,635
2024$13,213 per active participant
2023$11,560 per active participant
2022$11,003 per active participant

Herrick, Feinstein LLP's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$36,531
EISNER AMPER LLP · Accounting / audit$31,973
FLAGSTAR ADVISORS · Investment management$27,579

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$96,084 · 0.13%
2023$74,308 · 0.12%
2022$174,287 · 0.27%
All plans at this employer2
HERRICK, FEINSTEIN LLP SAVINGS AND PROFIT SHARING PLAN401(k)
HERRICK, FEINSTEIN LLP SAVINGS PLAN (NEW)401(k)
Same employer
Similar plansProfessional & Technical Services · New York
Diligent Corporation NY$84.4M · 0.13%
Socotec, Inc. NY$82.7M · 0.32%
Calspan Corporation NY$80.3M · 0.21%
Mendes & Mount, LLP NY$79.9M · 0.12%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 132991662 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.