Plan Ledger DOL Form 5500 · updated monthly

Quaker Equities, LTD.401(k)

QUAKER EQUITIES, LTD. 401(K) PLAN · BROOKLYN, 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

Quaker Equities, LTD. reported $70,019 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $4,806 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 0.23% to 0.19%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other management of companies employers. By assets it is the 1,579th-largest of 5,648 plans among New York employers on file, and the 316th of 786 in management of companies. In 2024, employees put in $1.17 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$40,600,725
Participants with balances358
Active participants284
Employer contributions$1,364,980
Employee contributions$1,594,389
Employer contribution per active participant$4,806
Average account balance$113,410
Benefits paid to participants$2,249,495
Plan auditUnmodified (clean) audit opinion
AuditorHELD KRANZLER MCCOSKER & PULICE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$40.6M · 358 accts · $1.4M emplr
2023$33.3M · 357 accts · $1.2M emplr
2022$25.7M · 306 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$70,019
Total administrative$70,019
The Quaker Equities, LTD. 401(k) match · 2024
Employer contribution per active participant$4,806
Median for plans this size$2,416
2024$4,806 per active participant
2023$4,110 per active participant
2022$3,803 per active participant

Quaker Equities, LTD.'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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$70,018
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$70,019 · 0.19%
2023$69,875 · 0.24%
2022$64,552 · 0.23%
All plans at this employer2
QUAKER EQUITIES, LTD. 401(K) PLAN401(k)
QUAKER EQUITIES, LTD 401(K) PLAN FOR UNION MEMBERS401(k)
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Newtekone, Inc. NY$41.6M · 0.36%
Trade Supply Group, LLC NY$24.6M · 0.41%
Charge Enterprises, Inc. NY$21.4M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133411457 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.