Plan Ledger DOL Form 5500 · updated monthly

Hurwitz Fine P.C.401(k)

HURWITZ FINE P.C. 401(K) AND PROFIT SHARING PLAN · BUFFALO, NY · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Hurwitz Fine P.C. reported $49,480 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $5,155 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 1 year on file its reported administrative ratio rose from 0.37% to 0.39%. 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 among the smaller plans on file in New York (3,125th of 5,648), and 6,920th of 11,654 in professional & technical services. In 2024, employees put in $1.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,652,798
Participants with balances133
Active participants98
Employer contributions$505,235
Employee contributions$800,803
Employer contribution per active participant$5,155
Average account balance$102,653
Benefits paid to participants$473,855
Plan auditUnmodified (clean) audit opinion
AuditorTHE ZLC GROUP
Plan history2
Yearassets · accounts · employer contribution
2024$13.7M · 133 accts · $505K emplr
2023$11.8M · 137 accts · $509K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$49,480
Total administrative$49,480
The Hurwitz Fine P.C. 401(k) match · 2024
Employer contribution per active participant$5,155
Median for plans this size$2,416
2024$5,155 per active participant
2023$4,941 per active participant

Hurwitz Fine P.C.'s 2024 employer contribution ran above the $2,416 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 · 20246
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$44,768
ACTUARIAL CONSULTING SERVICES · Contract administrator · Other services$4,705
OSAIC WEALTH INC · Other servicesindirect comp
SECURITIES AMERICA, INC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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

Administrative cost history2
2024$49,480 · 0.39%
2023$39,908 · 0.37%
Same employer
Similar plansProfessional & Technical Services · New York
Simutech Group, Inc. NY$13.7M · 0.39%
Persado, Inc. NY$13.6M · 0.14%
Quartet Health, Inc. NY$13.6M · 0.02%
Anatomy IT , LLC NY$13.4M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161085939 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.