Plan Ledger DOL Form 5500 · updated monthly

Reliance First Capital, LLC401(k)

RELIANCE FIRST CAPITAL, LLC EMPLOYEES SAVINGS TRUST · MELVILLE, NY · plan year 2025

Reported admin expense ratio · 2025
0.52%

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

Reliance First Capital, LLC reported $151,469 in plan administrative expenses for 2025: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,966 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 3 years on file its reported administrative ratio fell from 0.73% to 0.52%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,901st-largest of 5,648 plans among New York employers on file, and the 2,352nd of 4,798 in finance & insurance. In 2025, employees put in $2.75 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$31,241,386
Participants with balances198
Active participants284
Employer contributions$558,395
Employee contributions$1,536,358
Employer contribution per active participant$1,966
Average account balance$157,785
Benefits paid to participants$1,746,073
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$31.2M · 198 accts · $558K emplr
2024$27.3M · 198 accts
2023$23.7M · 207 accts
2022$19.3M · 218 accts
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$45,678
Investment management$72,591
Audit (IQPA)$33,200
Total administrative$151,469
The Reliance First Capital, LLC 401(k) match · 2025
Employer contribution per active participant$1,966
Median for plans this size$2,666

Reliance First Capital, LLC's 2025 employer contribution ran below the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20254
RAYMOND JAMES & ASSOCIATES INC · Investment advisory (plan)$63,122
RICHEY MAY & CO LLP · Accounting / audit$33,200
EMPOWER ADVISORY GROUP, LLC · Investment management$9,469

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2025$151,469 · 0.52%
2024$133,434 · 0.52%
2023$125,764 · 0.59%
2022$154,467 · 0.73%
Same employer
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Woori America Bank NY$31.8M · 0.38%
Orange County Bancorp Inc. NY$31.7M · 0.09%
Watertown Savings Bank NY$31.4M · 0.00%
Progyny, Inc. NY$30.9M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 262261031 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.