Plan Ledger DOL Form 5500 · updated monthly

Richard Fleischman and Associates, Inc.401(k)

RFA PROFIT SHARING 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Richard Fleischman and Associates, Inc. reported $38,548 in plan administrative expenses for 2024: 0.39% of average plan assets, below the peer median. Employer contributions averaged $1,411 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 0.41% to 0.39%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (3,562nd of 5,648), and 7,883rd of 11,654 in professional & technical services. In 2024, employees put in $4.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,360,067
Participants with balances99
Active participants94
Employer contributions$132,595
Employee contributions$539,888
Employer contribution per active participant$1,411
Average account balance$104,647
Benefits paid to participants$1,587,428
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.4M · 99 accts · $133K emplr
2023$9.6M · 101 accts · $136K emplr
2022$8.0M · 103 accts · $158K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,245
Investment management$23,303
Total administrative$38,548
The Richard Fleischman and Associates, Inc. 401(k) match · 2024
Employer contribution per active participant$1,411
Median for plans this size$1,313
2024$1,411 per active participant
2023$1,342 per active participant
2022$1,741 per active participant

Richard Fleischman and Associates, Inc.'s 2024 employer contribution ran above 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 · 20242
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$23,303
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$15,245

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$38,548 · 0.39%
2023$34,938 · 0.40%
2022$38,260 · 0.41%
Same employer
Similar plansProfessional & Technical Services · New York
Mekanism, Inc. NY$10.7M · 0.39%
Gettry Marcus CPA, P.C. NY$10.4M · 0.20%
Global-E US Inc. NY$10.3M · 0.06%
M Moser Associates, LLC NY$10.2M · 0.60%
Jahnel Group, Inc. NY$10.2M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112984673 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.