Plan Ledger DOL Form 5500 · updated monthly

Ic Employee Leasing LLC401(k)

IC EMPLOYEE LEASING LLC 401(K) PLAN · INWOOD, NY · plan year 2024

Reported admin expense ratio · 2024
0.73%

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

Ic Employee Leasing LLC reported $52,118 in plan administrative expenses for 2024: 0.73% of average plan assets, above the peer median. Employer contributions averaged $894 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 0.27% to 0.73%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in New York (4,005th of 5,648), and 1,349th of 2,677 in transportation & warehousing. In 2024, employees put in $2.09 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,494,785
Participants with balances120
Active participants216
Employer contributions$193,154
Employee contributions$404,347
Employer contribution per active participant$894
Average account balance$62,457
Benefits paid to participants$566,293
Plan auditUnmodified (clean) audit opinion
AuditorSALVATOR, GOLDHAMER & COMPANY, CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$7.5M · 120 accts · $193K emplr
2023$6.8M · 120 accts · $176K emplr
2022$6.1M · 132 accts · $176K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$46,914
Investment management$1,409
Total administrative$52,118
The Ic Employee Leasing LLC 401(k) match · 2024
Employer contribution per active participant$894
Median for plans this size$1,313
2024$894 per active participant
2023$909 per active participant
2022$883 per active participant

Ic Employee Leasing LLC's 2024 employer contribution ran below the $1,313 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 · 20241
JOHN HANCOCK LIFE INS CO OF NY · Recordkeeping · Investment management$3,958

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$52,118 · 0.73%
2023$40,647 · 0.63%
2022$18,299 · 0.27%
Similar plansTransportation & Warehousing · New York
Turk Hava Yollari, A.O. NY$7.8M · 0.04%
Riccelli Holdings, Inc. NY$7.8M · 0.28%
Courier Network, Inc. NY$7.6M · 0.41%
Tts Worldwide, LLC NY$6.5M · 0.16%
C. Blackburn Inc. NY$6.3M · 0.83%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 320360392 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.