Plan Ledger DOL Form 5500 · updated monthly

Meyer, Suozzi, English & Klein, P.C.401(k)

MEYER, SUOZZI, ENGLISH & KLEIN, P.C. 401(K) PLAN · GARDEN CITY, NY · plan year 2022

Reported admin expense ratio · 2022
0.31%

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

Meyer, Suozzi, English & Klein, P.C. reported $137,006 in plan administrative expenses for 2022: 0.31% of average plan assets, above the peer median. Employer contributions averaged $10,797 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 has held roughly steady near 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,591st-largest of 5,648 plans among New York employers on file, and the 3,286th of 11,654 in professional & technical services. In 2022, employees put in $1.13 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$40,199,142
Participants with balances117
Active participants59
Employer contributions$637,003
Employee contributions$716,831
Employer contribution per active participant$10,797
Average account balance$343,582
Benefits paid to participants$2,943,066
Plan auditUnmodified (clean) audit opinion
AuditorBERDON LLP
Plan history2
Yearassets · accounts · employer contribution
2023$39.1M · 98 accts · $627K emplr
2022$40.2M · 117 accts · $637K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$137,006
Total administrative$137,006
The Meyer, Suozzi, English & Klein, P.C. 401(k) match · 2022
Employer contribution per active participant$10,797
Median for plans this size$2,266
2023$12,546 per active participant
2022$10,797 per active participant

Meyer, Suozzi, English & Klein, P.C.'s 2022 employer contribution ran above the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$126,733 · 0.32%
2022$137,006 · 0.31%
Similar plansProfessional & Technical Services · New York
Weitz & Luxenberg, P.C. NY$40.8M · 0.34%
United Radio, Inc. NY$40.6M · 0.44%
Ennead Architects LLP NY$40.4M · 0.65%
Prager Metis Cpas, LLC NY$40.1M · 0.71%
Dataiku Inc. NY$40.1M

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Source: U.S. Department of Labor, Form 5500 series, EIN 112340639 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.