Plan Ledger DOL Form 5500 · updated monthly

Island Employment Services, LLC401(k)

ISLAND EMPLOYMENT SERVICES, LLC 401(K) PROFIT SHARING PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Island Employment Services, LLC reported $129,889 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $11,455 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 0.07% to 0.11%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 685th-largest of 5,648 plans among New York employers on file, and the 98th of 2,096 in real estate & leasing. In 2024, employees put in $1.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$120,770,754
Participants with balances481
Active participants302
Employer contributions$3,459,364
Employee contributions$3,496,986
Employer contribution per active participant$11,455
Average account balance$251,083
Benefits paid to participants$9,094,129
Plan auditUnmodified (clean) audit opinion
AuditorCBIZ CPA'S
Plan history3
Yearassets · accounts · employer contribution
2024$120.8M · 481 accts · $3.5M emplr
2023$109.0M · 501 accts · $2.6M emplr
2022$93.5M · 522 accts · $3.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$65,749
Investment management$21,500
Audit (IQPA)$42,640
Total administrative$129,889
The Island Employment Services, LLC 401(k) match · 2024
Employer contribution per active participant$11,455
Median for plans this size$3,635
2024$11,455 per active participant
2023$8,368 per active participant
2022$10,393 per active participant

Island Employment Services, LLC'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 · 20243
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$66,981
MARCUM LLP · Accounting / audit$42,640
USI CONSULTING GROUP$21,500

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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

Administrative cost history3
2024$129,889 · 0.11%
2023$153,839 · 0.15%
2022$71,994 · 0.07%
Similar plansReal Estate & Leasing · New York
Compass, Inc. NY$172.2M · 0.18%
Clarion Partners, LLC NY$166.8M · 0.08%
Wework Management LLC NY$161.8M · 0.15%
W. P. Carey Management LLC NY$108.9M · 0.16%
Sl Green Realty Corp NY$107.1M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 271845845 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.