Plan Ledger DOL Form 5500 · updated monthly

Mirobito Holdings, Inc.401(k)

MIRABITO HOLDINGS, INC. 401(K) PLAN · BINGHAMTON, NY · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Mirobito Holdings, Inc. reported $113,077 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $1,239 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 0.21% to 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other management of companies employers. By assets it is the 1,359th-largest of 5,648 plans among New York employers on file, and the 276th of 786 in management of companies. In 2024, employees put in $2.53 for every $1.00 the employer contributed; active participation has grown from 1,147 to 1,326 since 2022.

Plan summary
Net assets, end of year$50,387,135
Participants with balances1,542
Active participants1,326
Employer contributions$1,643,511
Employee contributions$4,151,628
Employer contribution per active participant$1,239
Average account balance$32,676
Benefits paid to participants$3,743,007
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$50.4M · 1,542 accts · $1.6M emplr
2023$42.6M · 1,535 accts · $1.4M emplr
2022$31.9M · 1,267 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,665
Investment management$68,412
Total administrative$113,077
The Mirobito Holdings, Inc. 401(k) match · 2024
Employer contribution per active participant$1,239
Median for plans this size$2,416
2024$1,239 per active participant
2023$1,040 per active participant
2022$1,219 per active participant

Mirobito Holdings, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20242
AMERITAS LIFE INSURANCE COPR OF NY · Recordkeeping$44,665
SWBC INVESTMENT ADVISORY SERVICES, · Investment advisory (plan)$68,412

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

Recordkeeper by year2
2024Ameritas
2023Ameritas

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Administrative cost history3
2024$113,077 · 0.24%
2023$76,022 · 0.20%
2022$71,410 · 0.21%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 150552668 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.