Prestige Employee Administrators, Inc.401(k)
PRESTIGE EMPLOYEE ADMINISTRATORS RETIREMENT SAVINGS PLAN · MELVILLE, NY · plan year 2023
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
Prestige Employee Administrators, Inc. reported $1,642,861 in plan administrative expenses for 2023: 0.54% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,057 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 0.52% to 0.81%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,601 comparable plans and shown alongside other administrative & support services employers. By assets it is the 299th-largest of 5,648 plans among New York employers on file, and the 64th of 2,534 in administrative & support services. In 2023, employees put in $2.68 for every $1.00 the employer contributed; active participation has grown from 6,442 to 8,109 since 2022.
Prestige Employee Administrators, Inc.'s 2023 employer contribution ran below the $4,362 median for plans its size, in the bottom 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 113448580 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.