Plan Ledger DOL Form 5500 · updated monthly

Nfe Management LLC401(k)

NFE MANAGEMENT LLC 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Nfe Management LLC reported $41,601 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $8,150 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 0.04% to 0.19%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other utilities employers. By assets it is the 2,219th-largest of 5,648 plans among New York employers on file, and 247th of 412 in utilities. In 2024, employees put in $2.21 for every $1.00 the employer contributed; active participation has shrunk from 260 to 214 since 2022.

Plan summary
Net assets, end of year$24,432,938
Participants with balances356
Active participants214
Employer contributions$1,744,187
Employee contributions$3,852,254
Employer contribution per active participant$8,150
Average account balance$68,632
Benefits paid to participants$3,774,102
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITHBROWN,PC
Plan history3
Yearassets · accounts · employer contribution
2024$24.4M · 356 accts · $1.7M emplr
2023$19.1M · 371 accts · $2.0M emplr
2022$11.6M · 302 accts · $2.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,123
Investment management$27,478
Total administrative$41,601
The Nfe Management LLC 401(k) match · 2024
Employer contribution per active participant$8,150
Median for plans this size$2,416
2024$8,150 per active participant
2023$7,164 per active participant
2022$9,386 per active participant

Nfe Management LLC's 2024 employer contribution ran above the $2,416 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
ALLIANT INSURANCE SERVICES, INC · Consulting · Investment advisory (plan)$17,500
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$14,123
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$9,978

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$41,601 · 0.19%
2023$8,560 · 0.06%
2022$3,994 · 0.04%
Same employer
Similar plansUtilities · New York
Terra-Gen, LLC NY$68.6M · 0.19%
Rev Renewables Ops, LLC NY$26.5M · 0.02%
Red-Rochester, LLC NY$16.6M · 0.09%
Key Capture Energy LLC NY$6.9M · 0.02%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 475035824 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.