Plan Ledger DOL Form 5500 · updated monthly

Lipsitz Green Scime Cambria, LLP401(k)

LIPSITZ GREEN SCIME CAMBRIA, LLP 401(K) PLAN · BUFFALO, NY · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Lipsitz Green Scime Cambria, LLP reported $66,125 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $7,265 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 0.09%. 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 938th-largest of 5,648 plans among New York employers on file, and the 1,799th of 11,654 in professional & technical services. In 2024, employees put in $1.17 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$81,379,467
Participants with balances163
Active participants129
Employer contributions$937,149
Employee contributions$1,097,452
Employer contribution per active participant$7,265
Average account balance$499,261
Benefits paid to participants$2,401,472
Plan auditUnmodified (clean) audit opinion
AuditorLUMSDEN MCCORMICK
Plan history3
Yearassets · accounts · employer contribution
2024$81.4M · 163 accts · $937K emplr
2023$70.9M · 150 accts · $929K emplr
2022$61.3M · 145 accts · $822K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,125
Investment management$51,000
Total administrative$66,125
The Lipsitz Green Scime Cambria, LLP 401(k) match · 2024
Employer contribution per active participant$7,265
Median for plans this size$3,635
2024$7,265 per active participant
2023$7,492 per active participant
2022$6,681 per active participant

Lipsitz Green Scime Cambria, 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
ARBOR CAPITAL MANAGEMENT · Recordkeeping · Trustee$17,000
FL PUTNAM · Recordkeeping · Trustee$17,000
ADP, INC. · Loan processing · Recordkeeping$15,124
ADP BROKER-DEALERindirect 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
2024ADP, ARBOR CAPITAL MANAGEMENT, FL PUTNAM
2023ADP, ARBOR CAPITAL MANAGEMENT

This plan has changed recordkeepers within these filings. If you left Lipsitz Green Scime Cambria, LLP before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$66,125 · 0.09%
2023$48,250 · 0.07%
2022$48,143 · 0.07%
Same employer
Similar plansProfessional & Technical Services · New York
Diligent Corporation NY$84.4M · 0.13%
Socotec, Inc. NY$82.7M · 0.32%
Herrick, Feinstein LLP NY$82.1M · 0.13%
Calspan Corporation NY$80.3M · 0.21%
Mendes & Mount, LLP NY$79.9M · 0.12%
Farrell Fritz, P.C. NY$79.6M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160905097 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.