Plan Ledger DOL Form 5500 · updated monthly

Sam Ash Music Corporation401(k)

SAM ASH MUSIC CORPORATION 401(K) SAVINGS AND RETIREMENT PLAN · HICKSVILLE, NY · plan year 2023

Reported admin expense ratio · 2023
0.49%

Sam Ash Music Corporation reported $186,409 in plan administrative expenses for 2023: 0.49% of average plan assets, higher than ~75% 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 1 year on file its reported administrative ratio rose from 0.42% to 0.49%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other retail trade employers. By assets it is the 1,602nd-largest of 5,648 plans among New York employers on file, and the 790th of 5,215 in retail trade.

Plan summary
Net assets, end of year$39,900,879
Participants with balances817
Active participants622
Employer contributions—
Employee contributions$1,730,915
Employer contribution per active participant—
Average account balance$48,838
Benefits paid to participants$3,155,897
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$39.9M · 817 accts
2022$35.6M · 845 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$95,329
Investment management$57,782
Audit (IQPA)$33,298
Total administrative$186,409
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
JOHN HANCOCK RETIREMENT PLAN SRVCS · Recordkeeping · Loan processing$95,452
MMC SECURITES CORP$52,659
BDO USA, LLP · Accounting / audit$33,298
COMPASS ADVISORS · Investment advisory (plan)$5,000

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

Administrative cost history2
2023$186,409 · 0.49%
2022$163,543 · 0.42%
Same employer
Similar plansRetail Trade · New York
Healey Brothers, Inc. NY$43.7M · 0.28%
The Shade Store, LLC NY$41.4M · 0.23%
Roman Health Ventures, Inc. NY$39.9M · 0.44%
Tourneau LLC NY$37.6M · 0.30%
2428392, Inc dba Fye NY$36.4M · 0.01%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 112313915 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.