Plan Ledger DOL Form 5500 · updated monthly

Schluter Systems L.P.401(k)

SCHLUTER SYSTEMS L.P. 401(K) PROFIT SHARING PLAN · PLATTSBURGH, NY · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Schluter Systems L.P. reported $302,339 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,779 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 rose from 0.44% to 0.47%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,067th-largest of 5,648 plans among New York employers on file, and the 2,066th of 11,654 in professional & technical services. In 2024, employees put in $1.43 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$69,972,508
Participants with balances1,261
Active participants1,139
Employer contributions$4,304,203
Employee contributions$6,164,972
Employer contribution per active participant$3,779
Average account balance$55,490
Benefits paid to participants$6,776,762
Plan auditUnmodified (clean) audit opinion
AuditorRODL LANGFORD DE KOCK LLP
Plan history3
Yearassets · accounts · employer contribution
2024$70.0M · 1,261 accts · $4.3M emplr
2023$58.2M · 1,260 accts · $4.0M emplr
2022$45.4M · 1,207 accts · $3.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,021
Investment management$265,071
Total administrative$302,339
The Schluter Systems L.P. 401(k) match · 2024
Employer contribution per active participant$3,779
Median for plans this size$3,635
2024$3,779 per active participant
2023$3,478 per active participant
2022$3,104 per active participant

Schluter Systems L.P.'s 2024 employer contribution ran above the $3,635 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
BENEFIT PLAN ADMIN SERVICES · Recordkeeping · Loan processing$173,139
LPL FINANCIAL · Investment advisory (participants) · Investment advisory (plan)$129,200

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

Recordkeeper by year2
2024BENEFIT PLAN ADMIN SERVICES
2023BENEFIT PLAN ADMIN SERVICES

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

Administrative cost history3
2024$302,339 · 0.47%
2023$241,303 · 0.47%
2022$202,222 · 0.44%
Same employer
Similar plansProfessional & Technical Services · New York
Ipsoft Incorporated NY$73.2M · 0.10%
Teneo Holdings LLC NY$71.0M · 0.26%
Kobre & Kim LLP NY$67.8M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141772376 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.