Plan Ledger DOL Form 5500 · updated monthly

Marino Management, LLC401(k)

MARINO MANAGEMENT, LLC 401(K) PLAN · WESTPORT, CT · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

Marino Management, LLC reported $450 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $12,174 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 fell from 0.003% to 0.002%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 488th-largest of 1,106 plans among Connecticut employers on file, and 2,701st of 4,798 in finance & insurance. In 2024, employees put in $1.47 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$25,006,079
Participants with balances203
Active participants195
Employer contributions$2,373,896
Employee contributions$3,483,916
Employer contribution per active participant$12,174
Average account balance$123,183
Benefits paid to participants$763,030
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$25.0M · 203 accts · $2.4M emplr
2023$16.4M · 167 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$450
Total administrative$450
The Marino Management, LLC 401(k) match · 2024
Employer contribution per active participant$12,174
Median for plans this size$2,416
2024$12,174 per active participant
2023$11,308 per active participant

Marino Management, LLC'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.

Administrative cost history2
2024$450 · 0.00%
2023$375 · 0.00%
Same employer
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Dime Bank CT$26.4M · 0.03%
Savings Bank of Danbury CT$25.8M · 0.07%
Thomaston Savings Bank CT$25.7M · 0.28%
The Milford Bank CT$23.0M · 0.31%
Healthplanone, LLC CT$23.0M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 814706269 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.