Plan Ledger DOL Form 5500 · updated monthly

Root 2 LLC401(k)

ROOT 2 LLC 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
1.33%

Root 2 LLC reported $17,647 in plan administrative expenses for 2024: 1.33% of average plan assets, higher than ~90% of peers. 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 1.76% to 1.33%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in New York (5,244th of 5,648), and 1,590th of 2,240 in accommodation & food services. active participation has grown from 358 to 526 since 2022.

Plan summary
Net assets, end of year$1,408,341
Participants with balances178
Active participants526
Employer contributions—
Employee contributions$156,306
Employer contribution per active participant—
Average account balance$7,912
Benefits paid to participants$94,355
Plan auditUnmodified (clean) audit opinion
AuditorDAVIS WARD & HOCHMAN LLP
Plan history3
Yearassets · accounts · employer contribution
2024$1.4M · 178 accts
2023$1.2M · 189 accts
2022$997K · 202 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,647
Total administrative$17,647
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 · 20241
ADP, INC. · Loan processing · Recordkeeping$17,646

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

Recordkeeper by year2
2024ADP
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$17,647 · 1.33%
2023$23,496 · 2.10%
2022$19,060 · 1.76%
Similar plansAccommodation & Food Services · New York
Big Red Shoes, LLC NY$1.8M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 260818196 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.