Plan Ledger DOL Form 5500 · updated monthly

Morris Adjmi Architects Dpc401(k)

MAP PROFIT SHARING PLAN (401K) · NEW YORK, NY · plan year 2023

Reported admin expense ratio · 2023
1.05%

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

Morris Adjmi Architects Dpc reported $77,408 in plan administrative expenses for 2023: 1.05% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,937 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 1.05% to 1.21%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (3,908th of 5,648), and 8,665th of 11,654 in professional & technical services. In 2023, employees put in $2.10 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,049,357
Participants with balances143
Active participants95
Employer contributions$279,027
Employee contributions$586,004
Employer contribution per active participant$2,937
Average account balance$56,289
Benefits paid to participants$801,658
Plan auditUnmodified (clean) audit opinion
AuditorBLATT & DAUMAN, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$7.1M · 127 accts · $242K emplr
2023$8.0M · 143 accts · $279K emplr
2022$6.7M · 131 accts · $273K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$77,408
Total administrative$77,408
The Morris Adjmi Architects Dpc 401(k) match · 2023
Employer contribution per active participant$2,937
Median for plans this size$1,308
2024$3,782 per active participant
2023$2,937 per active participant
2022$3,067 per active participant

Morris Adjmi Architects Dpc's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$49,480
S B H U LIFE AGENCY INC. · Other servicesindirect 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$91,101 · 1.21%
2023$77,408 · 1.05%
2022$74,308 · 1.05%
Similar plansProfessional & Technical Services · New York
Cellino Law, LLP NY$8.2M · 0.54%
Starline USA Inc. NY$8.0M · 0.27%
Slice Solutions, Inc. NY$8.0M · 0.49%
Adhawk Inc. NY$8.0M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263942187 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.