Plan Ledger DOL Form 5500 · updated monthly

Selip & Stylianou, LLP401(k)

SELIP & STYLIANOU, LLP 401(K) SAVINGS PLAN · WOODBURY, NY · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Selip & Stylianou, LLP reported $8,080 in plan administrative expenses for 2024: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $288 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 0.09% to 0.11%. 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 (4,065th of 5,648), and 9,003rd of 11,654 in professional & technical services. In 2024, employees put in $8.34 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,126,506
Participants with balances125
Active participants144
Employer contributions$41,449
Employee contributions$345,889
Employer contribution per active participant$288
Average account balance$57,012
Benefits paid to participants$1,220,327
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.1M · 125 accts · $41K emplr
2023$7.0M · 127 accts · $40K emplr
2022$5.9M · 118 accts · $41K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,080
Total administrative$8,080
The Selip & Stylianou, LLP 401(k) match · 2024
Employer contribution per active participant$288
Median for plans this size$1,313
2024$288 per active participant
2023$302 per active participant
2022$297 per active participant

Selip & Stylianou, LLP's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$8,080
WELLS FARGO ADVISORS INS AGENCY LLC · Other servicesindirect comp

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$8,080 · 0.11%
2023$6,254 · 0.10%
2022$5,917 · 0.09%
Similar plansProfessional & Technical Services · New York
Greater Than One, Inc. NY$7.1M · 0.62%
The Doyle Group, Inc. NY$6.9M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 113069860 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.