Plan Ledger DOL Form 5500 · updated monthly

Morvillo Abramowitz Grand Iason & Anello P.C.401(k)

MORVILLO ABRAMOWITZ GRAND IASON & ANELLO P.C. 401(K) PROFIT SHARING PLAN AND TRUST · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Morvillo Abramowitz Grand Iason & Anello P.C. reported $20,295 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $12,690 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 fell from 0.07% to 0.03%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,153rd-largest of 5,648 plans among New York employers on file, and the 2,247th of 11,654 in professional & technical services. In 2024, employees put in $1.12 for every $1.00 the employer contributed; active participation has grown from 60 to 87 since 2022.

Plan summary
Net assets, end of year$63,250,099
Participants with balances235
Active participants87
Employer contributions$1,104,024
Employee contributions$1,232,725
Employer contribution per active participant$12,690
Average account balance$269,149
Benefits paid to participants$4,744,413
Plan auditUnmodified (clean) audit opinion
AuditorCBIZ CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$63.3M · 235 accts · $1.1M emplr
2023$58.7M · 216 accts · $1.1M emplr
2022$50.8M · 204 accts · $872K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,953
Investment management$6,693
Audit (IQPA)$6,649
Total administrative$20,295
The Morvillo Abramowitz Grand Iason & Anello P.C. 401(k) match · 2024
Employer contribution per active participant$12,690
Median for plans this size$3,635
2024$12,690 per active participant
2023$14,807 per active participant
2022$14,528 per active participant

Morvillo Abramowitz Grand Iason & Anello P.C.'s 2024 employer contribution ran above the $3,635 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.

Service providers · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$6,953
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$6,693
MARKS PANETH · Accounting / audit$6,649

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$20,295 · 0.03%
2023$19,333 · 0.04%
2022$32,107 · 0.07%
Similar plansProfessional & Technical Services · New York
Erdman Anthony NY$64.3M · 0.13%
Dayton T. Brown Inc. NY$64.1M · 0.01%
Akf Group LLC NY$63.8M · 0.13%
National Debt Relief NY$61.9M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 132996017 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.