Plan Ledger DOL Form 5500 · updated monthly

National Cable Communications LLC (dba Ampersand)401(k)

AMPERSAND 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

National Cable Communications LLC (dba Ampersand) reported $119,022 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $5,482 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 0.05% to 0.07%. 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 516th-largest of 5,648 plans among New York employers on file, and the 897th of 11,654 in professional & technical services. In 2024, employees put in $2.31 for every $1.00 the employer contributed; active participation has shrunk from 606 to 529 since 2022.

Plan summary
Net assets, end of year$178,668,632
Participants with balances755
Active participants529
Employer contributions$2,900,098
Employee contributions$6,712,323
Employer contribution per active participant$5,482
Average account balance$236,647
Benefits paid to participants$23,277,308
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$178.7M · 755 accts · $2.9M emplr
2023$165.5M · 765 accts · $3.1M emplr
2022$137.1M · 822 accts · $3.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,868
Investment management$82,154
Total administrative$119,022
The National Cable Communications LLC (dba Ampersand) 401(k) match · 2024
Employer contribution per active participant$5,482
Median for plans this size$3,635
2024$5,482 per active participant
2023$5,485 per active participant
2022$4,995 per active participant

National Cable Communications LLC (dba Ampersand)'s 2024 employer contribution ran above the $3,635 median for plans its size. 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
SENTINEL PENSION ADVISORS INC · Investment advisory (plan)$50,000
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$38,622
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$32,153

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$119,022 · 0.07%
2023$83,735 · 0.06%
2022$82,265 · 0.05%
Same employer
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Squarespace, Inc. NY$187.2M · 0.09%
Barclay Damon LLP NY$187.1M · 0.03%
Rivkin Radler LLP NY$185.2M · 0.11%
Phillips Lytle LLP NY$180.7M · 0.04%
Liro Engineers, Inc. NY$175.8M · 0.12%
J.S. Held LLC NY$174.8M · 0.17%
Hodgson Russ LLP NY$174.8M · 0.10%
The Capital Markets Company NY$171.9M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043259154 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.