Plan Ledger DOL Form 5500 · updated monthly

New Mountain Capital, LLC401(k)

NEW MOUNTAIN CAPITAL, LLC 401(K) PROFIT SHARING PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

New Mountain Capital, LLC reported $110,905 in plan administrative expenses for 2024: 0.17% of average plan assets, above the peer median. Employer contributions averaged $10,415 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 0.26% to 0.17%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,045th-largest of 5,648 plans among New York employers on file, and the 1,274th of 4,798 in finance & insurance. In 2024, employees put in $1.79 for every $1.00 the employer contributed; active participation has grown from 196 to 240 since 2022.

Plan summary
Net assets, end of year$72,221,389
Participants with balances351
Active participants240
Employer contributions$2,499,507
Employee contributions$4,483,383
Employer contribution per active participant$10,415
Average account balance$205,759
Benefits paid to participants$2,814,941
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$72.2M · 351 accts · $2.5M emplr
2023$58.5M · 307 accts · $2.2M emplr
2022$45.5M · 281 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$94,373
Total administrative$110,905
The New Mountain Capital, LLC 401(k) match · 2024
Employer contribution per active participant$10,415
Median for plans this size$3,635
2024$10,415 per active participant
2023$9,767 per active participant
2022$8,975 per active participant

New Mountain Capital, LLC'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 · 20244
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$35,000
RSM US LLP · Accounting / audit$26,670
THE BENEFIT PRACTICE · Contract administratorindirect 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$110,905 · 0.17%
2023$92,006 · 0.18%
2022$125,259 · 0.26%
Same employer
Similar plansFinance & Insurance · New York
Wafra Inc. NY$72.6M · 0.21%
Dz Bank AG, New York Branch NY$71.4M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 810659915 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.