Plan Ledger DOL Form 5500 · updated monthly

Quartet Mso, LLC401(k)

QUARTET MSO, LLC 401(K) PROFIT SHARING PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.99%

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

Quartet Mso, LLC reported $56,135 in plan administrative expenses for 2024: 0.99% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,203 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 0.90% to 0.99%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (4,268th of 5,648), and 7,307th of 11,911 in health care & social assistance. In 2024, employees put in $5.69 for every $1.00 the employer contributed; active participation has shrunk from 211 to 173 since 2022.

Plan summary
Net assets, end of year$6,083,004
Participants with balances191
Active participants173
Employer contributions$208,047
Employee contributions$1,183,191
Employer contribution per active participant$1,203
Average account balance$31,848
Benefits paid to participants$1,233,315
Plan auditUnmodified (clean) audit opinion
AuditorBORIS BENIC & ASSOCIATES, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$6.1M · 191 accts · $208K emplr
2023$5.3M · 184 accts · $210K emplr
2022$3.4M · 136 accts · $143K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,192
Investment management$25,943
Total administrative$56,135
The Quartet Mso, LLC 401(k) match · 2024
Employer contribution per active participant$1,203
Median for plans this size$1,313
2024$1,203 per active participant
2023$1,078 per active participant
2022$677 per active participant

Quartet Mso, LLC's 2024 employer contribution ran below the $1,313 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
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$25,793
PRINCIPAL LIFE COMPANY · Contract administrator · Loan processing$25,117
DUNBAR BENDER & ZAPF INC · Contract administrator · Other services$5,225

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$56,135 · 0.99%
2023$39,897 · 0.92%
2022$30,024 · 0.90%
Similar plansHealth Care & Social Assistance · New York
Cdx Diagnostics Inc. NY$6.2M · 0.77%
Isabella Geriatric Center NY$6.0M · 0.05%
Sigma Link Rehab, LLC NY$6.0M · 1.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 873611895 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.