Plan Ledger DOL Form 5500 · updated monthly

North Fork Holdings, Inc.401(k)

NORTH FORK HOLDINGS, INC. 401(K) RET. PLAN · SCHAUMBURG, IL · plan year 2023

Reported admin expense ratio · 2023
0.35%

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

North Fork Holdings, Inc. reported $22,001 in plan administrative expenses for 2023: 0.35% of average plan assets, below the peer median. Employer contributions averaged $928 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 1 year on file its reported administrative ratio fell from 0.43% to 0.35%. 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 Illinois (2,655th of 3,702), and 8,831st of 11,654 in professional & technical services. In 2023, employees put in $5.90 for every $1.00 the employer contributed; active participation has grown from 159 to 232 since 2022.

Plan summary
Net assets, end of year$7,608,986
Participants with balances277
Active participants232
Employer contributions$215,364
Employee contributions$1,270,421
Employer contribution per active participant$928
Average account balance$27,469
Benefits paid to participants$181,043
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$7.6M · 277 accts · $215K emplr
2022$4.9M · 244 accts · $201K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$22,001
Total administrative$22,001
The North Fork Holdings, Inc. 401(k) match · 2023
Employer contribution per active participant$928
Median for plans this size$1,308
2023$928 per active participant
2022$1,262 per active participant

North Fork Holdings, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
THE VANGUARD GROUP, INC. · Loan processing · Recordkeeping$22,001

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Vanguard
2023Vanguard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024Not separately reported
2023$22,001 · 0.35%
2022$21,317 · 0.43%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 271627713 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.