Plan Ledger DOL Form 5500 · updated monthly

Ready Computing LLC401(k)

READY COMPUTING RESOURCES LLC 401(K) PROFIT SHARING PLAN & TRUST · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Ready Computing LLC reported $60,222 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,409 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 0.56% to 0.51%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (3,195th of 5,648), and 7,079th of 11,654 in professional & technical services. In 2024, employees put in $1.96 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,040,780
Participants with balances187
Active participants152
Employer contributions$670,116
Employee contributions$1,312,024
Employer contribution per active participant$4,409
Average account balance$69,737
Benefits paid to participants$1,119,452
Plan auditUnmodified (clean) audit opinion
AuditorMIKE AVERSANO CPA, PC
Plan history3
Yearassets · accounts · employer contribution
2024$13.0M · 187 accts · $670K emplr
2023$10.6M · 209 accts · $637K emplr
2022$7.2M · 199 accts · $619K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,810
Investment management$36,412
Total administrative$60,222
The Ready Computing LLC 401(k) match · 2024
Employer contribution per active participant$4,409
Median for plans this size$2,416
2024$4,409 per active participant
2023$4,307 per active participant
2022$3,969 per active participant

Ready Computing LLC'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 · 20243
MORGAN STANLEY · Investment advisory (plan)$34,846
EMPOWER ADVISORY GROUP, LLC · Investment management$1,566

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$60,222 · 0.51%
2023$34,468 · 0.39%
2022$39,884 · 0.56%
Same employer
Similar plansProfessional & Technical Services · New York
Benefit Resource, LLC NY$13.2M · 0.34%
Kld Associates, Inc. NY$13.1M · 0.21%
Tcgplayer, Inc. NY$13.0M · 0.08%
Parker Waichman LLP NY$13.0M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 320545485 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.