Plan Ledger DOL Form 5500 · updated monthly

Persistent Systems LLC401(k)

PERSISTENT SYSTEMS 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

Persistent Systems LLC reported $57,233 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $5,420 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 0.27% to 0.19%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 1,785th-largest of 5,648 plans among New York employers on file, and the 631st of 3,341 in other services. In 2024, employees put in $1.95 for every $1.00 the employer contributed; active participation has grown from 253 to 350 since 2022.

Plan summary
Net assets, end of year$34,406,818
Participants with balances390
Active participants350
Employer contributions$1,896,954
Employee contributions$3,701,666
Employer contribution per active participant$5,420
Average account balance$88,223
Benefits paid to participants$861,404
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$34.4M · 390 accts · $1.9M emplr
2023$25.1M · 308 accts · $1.5M emplr
2022$17.7M · 299 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,375
Investment management$53,858
Total administrative$57,233
The Persistent Systems LLC 401(k) match · 2024
Employer contribution per active participant$5,420
Median for plans this size$2,416
2024$5,420 per active participant
2023$5,026 per active participant
2022$4,747 per active participant

Persistent Systems 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 · 20241
BETTERMENT FOR BUSINESS, LLC · Investment advisory (plan)$57,233

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$57,233 · 0.19%
2023$43,115 · 0.20%
2022$47,786 · 0.27%
Same employer
Similar plansOther Services · New York
Qsac, Inc. NY$34.7M · 0.18%
T. & G. Industries, Inc. NY$33.5M · 0.34%
Lifetime Assistance, Inc. NY$33.4M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204625353 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.