Plan Ledger DOL Form 5500 · updated monthly

Make the Road New York401(k)

MAKE THE ROAD NEW YORK 401(K) PROFIT SHARING PLAN AND TRUST · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Make the Road New York reported $27,544 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $2,403 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 3 years on file its reported administrative ratio has held roughly steady near 0.255%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in New York (3,314th of 5,648), and the 1,476th of 3,341 in other services. In 2024, employees put in $1.54 for every $1.00 the employer contributed; active participation has grown from 302 to 352 since 2022.

Plan summary
Net assets, end of year$12,093,943
Participants with balances380
Active participants352
Employer contributions$845,695
Employee contributions$1,300,832
Employer contribution per active participant$2,403
Average account balance$31,826
Benefits paid to participants$795,210
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITH BROWN
Plan history3
Yearassets · accounts · employer contribution
2024$12.1M · 380 accts · $846K emplr
2023$9.5M · 367 accts · $720K emplr
2022$7.0M · 334 accts · $619K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,544
Total administrative$27,544
The Make the Road New York 401(k) match · 2024
Employer contribution per active participant$2,403
Median for plans this size$2,416
2024$2,403 per active participant
2023$2,307 per active participant
2022$2,050 per active participant

Make the Road New York's 2024 employer contribution ran below 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$27,544
CETERA ADVISORS LLCindirect comp

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$27,544 · 0.25%
2023$19,864 · 0.24%
2022$17,552 · 0.25%
Same employer
Similar plansOther Services · New York

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Source: U.S. Department of Labor, Form 5500 series, EIN 113344389 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.