Plan Ledger DOL Form 5500 · updated monthly

Privilege Underwriters, Inc.401(k)

PRIVILEGE UNDERWRITERS, INC. 401(K) PLAN · WHITE PLAINS, NY · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Privilege Underwriters, Inc. reported $216,964 in plan administrative expenses for 2024: 0.14% of average plan assets, above the peer median. Employer contributions averaged $6,110 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 0.05% to 0.14%. 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 540th-largest of 5,648 plans among New York employers on file, and the 670th of 4,798 in finance & insurance. In 2024, employees put in $1.78 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$169,231,752
Participants with balances1,355
Active participants1,133
Employer contributions$6,923,146
Employee contributions$12,354,293
Employer contribution per active participant$6,110
Average account balance$124,894
Benefits paid to participants$8,952,982
Plan auditUnmodified (clean) audit opinion
AuditorEISNERAMPERLLP
Plan history3
Yearassets · accounts · employer contribution
2024$169.2M · 1,355 accts · $6.9M emplr
2023$135.9M · 1,289 accts · $6.4M emplr
2022$99.9M · 1,225 accts · $5.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$83,590
Investment management$100,299
Audit (IQPA)$33,075
Total administrative$216,964
The Privilege Underwriters, Inc. 401(k) match · 2024
Employer contribution per active participant$6,110
Median for plans this size$3,635
2024$6,110 per active participant
2023$5,875 per active participant
2022$5,502 per active participant

Privilege Underwriters, Inc.'s 2024 employer contribution ran above the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
PARK AVENUE SECURITIES · Investment advisory (plan)$100,299
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$83,590
EISNERAMPER LLP · Accounting / audit$33,075

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$216,964 · 0.14%
2023$177,771 · 0.15%
2022$49,988 · 0.05%
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Source: U.S. Department of Labor, Form 5500 series, EIN 841699173 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.