Plan Ledger DOL Form 5500 · updated monthly

Sciame Construction, LLC401(k)

SCIAME CONSTRUCTION, LLC 401(K) BLUEPRINT PLAN · NEW YORK, NY · plan year 2023

Reported admin expense ratio · 2023
0.02%

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

Sciame Construction, LLC reported $4,874 in plan administrative expenses for 2023: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,907 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 has held roughly steady near 0.018%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other construction employers. By assets it is the 1,895th-largest of 5,648 plans among New York employers on file, and the 1,487th of 5,337 in construction. In 2023, employees put in $4.63 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$31,290,681
Participants with balances131
Active participants175
Employer contributions$333,638
Employee contributions$1,543,726
Employer contribution per active participant$1,907
Average account balance$238,860
Benefits paid to participants$1,244,388
Plan auditUnmodified (clean) audit opinion
AuditorGRASSI & CO., CPA'S, P.C.
Plan history2
Yearassets · accounts · employer contribution
2023$31.3M · 131 accts · $334K emplr
2022$24.3M · 124 accts · $295K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$4,704
Total administrative$4,874
The Sciame Construction, LLC 401(k) match · 2023
Employer contribution per active participant$1,907
Median for plans this size$2,440
2023$1,907 per active participant
2022$1,799 per active participant

Sciame Construction, LLC's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
ERP RETIREMENT SERVICES · Contract administrator$2,450
SBHU LIFE AGENCY INCindirect comp

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$4,874 · 0.02%
2022$4,107 · 0.02%
Similar plansConstruction · New York
Gorman Bros., Inc. NY$32.3M · 0.43%
The Landtek Group, Inc. NY$31.9M · 1.03%
Luck Brothers, Inc. NY$31.1M · 0.51%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 273092846 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.