Plan Ledger DOL Form 5500 · updated monthly

Project 1972 Inc.401(k)

CHIEF 401(K) · NEW YORK CITY, NY · plan year 2024

Reported admin expense ratio · 2024
0.05%

Project 1972 Inc. reported $2,550 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. 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 0.09% to 0.05%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (4,272nd of 5,648), and 9,372nd of 11,654 in professional & technical services. active participation has shrunk from 264 to 132 since 2022.

Plan summary
Net assets, end of year$6,073,319
Participants with balances170
Active participants132
Employer contributions—
Employee contributions$1,429,596
Employer contribution per active participant—
Average account balance$35,725
Benefits paid to participants$895,118
Plan auditUnmodified (clean) audit opinion
AuditorFREED MAXICK P. C.
Plan history3
Yearassets · accounts · employer contribution
2024$6.1M · 170 accts
2023$4.5M · 175 accts · $14K emplr
2022$2.3M · 134 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,550
Total administrative$2,550
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.

Administrative cost history3
2024$2,550 · 0.05%
2023$1,750 · 0.05%
2022$1,395 · 0.09%
Same employer
Similar plansProfessional & Technical Services · New York
Electric Ai, Inc. NY$6.2M · 0.10%
Acronym Media, Inc. NY$6.1M · 0.24%
Born Group Inc NY$6.1M · 0.27%
Check Technologies, Inc NY$5.9M · 0.11%
Communication Services NY$5.9M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 821342082 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.