Plan Ledger DOL Form 5500 · updated monthly

Reliant Funding401(k)

RELIANT FUNDING 401(K) PLAN · WOODBURY, NY · plan year 2022

Reported admin expense ratio · 2022
0.91%

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

Reliant Funding reported $35,786 in plan administrative expenses for 2022: 0.91% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,533 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in New York (4,704th of 5,648), and 4,533rd of 4,798 in finance & insurance. In 2022, employees put in $1.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,837,601
Participants with balances124
Active participants91
Employer contributions$412,482
Employee contributions$637,988
Employer contribution per active participant$4,533
Average account balance$30,948
Benefits paid to participants$477,741
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$0 · $131K emplr
2022$3.8M · 124 accts · $412K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$1,500
Professional / advisory$34,286
Total administrative$35,786
The Reliant Funding 401(k) match · 2022
Employer contribution per active participant$4,533
Median for plans this size$1,114

Reliant Funding's 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$35,786 · 0.91%
Similar plansFinance & Insurance · New York
Electronic Payments Inc. NY$4.4M · 0.05%
Xcel Brands, Inc. NY$3.8M · 0.69%
East Coast Capital Corp NY$3.0M · 1.02%
Imprint Payments, Inc. NY$3.0M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364651438 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.