Plan Ledger DOL Form 5500 · updated monthly

Hr&A Advisors, Inc.401(k)

HR & A ADVISORS, INC. 401(K)/PROFIT SHARING PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Hr&A Advisors, Inc. reported $81,598 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $3,355 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 0.40% to 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 2,205th-largest of 5,648 plans among New York employers on file, and the 4,796th of 11,654 in professional & technical services. In 2024, employees put in $3.29 for every $1.00 the employer contributed; active participation has grown from 149 to 190 since 2022.

Plan summary
Net assets, end of year$24,749,640
Participants with balances214
Active participants190
Employer contributions$637,480
Employee contributions$2,097,052
Employer contribution per active participant$3,355
Average account balance$115,653
Benefits paid to participants$1,070,128
Plan auditUnmodified (clean) audit opinion
AuditorBDO USA PC
Plan history3
Yearassets · accounts · employer contribution
2024$24.7M · 214 accts · $637K emplr
2023$20.4M · 177 accts · $568K emplr
2022$17.9M · 135 accts · $497K emplr
Administrative expenses, itemized · 2024
Investment management$63,462
Total administrative$81,598
The Hr&A Advisors, Inc. 401(k) match · 2024
Employer contribution per active participant$3,355
Median for plans this size$2,416
2024$3,355 per active participant
2023$3,305 per active participant
2022$3,338 per active participant

Hr&A Advisors, Inc.'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
ALERUS FINANCIAL, N.A. · Recordkeeping · Custodial (securities)$18,136
BAM ADVISORS SERVICES · Investment advisory (participants) · Investment advisory (plan)$63,462
CHARLES SCHWAB BANK · Custodial (securities) · Investment managementindirect comp

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

Recordkeeper by year2
2024Alerus
2023Alerus

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Administrative cost history3
2024$81,598 · 0.36%
2023$63,391 · 0.33%
2022$74,113 · 0.40%
All plans at this employer2
HR & A ADVISORS, INC. 401(K)/PROFIT SHARING PLAN401(k)
HR&A ADVISORS, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
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Source: U.S. Department of Labor, Form 5500 series, EIN 208767681 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.