Plan Ledger DOL Form 5500 · updated monthly

Seneca Holdings, LLC401(k)

SENECA HOLDINGS, LLC 401(K) RETIREMENT SAVINGS PLAN · SALAMANCA, NY · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Seneca Holdings, LLC reported $133,715 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $2,381 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 fell from 0.57% to 0.39%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,572nd-largest of 5,648 plans among New York employers on file, and the 1,926th of 4,798 in finance & insurance. In 2024, employees put in $2.41 for every $1.00 the employer contributed; active participation has grown from 503 to 1,024 since 2022.

Plan summary
Net assets, end of year$40,995,147
Participants with balances757
Active participants1,024
Employer contributions$2,438,013
Employee contributions$5,881,927
Employer contribution per active participant$2,381
Average account balance$54,155
Benefits paid to participants$3,713,308
Plan auditUnmodified (clean) audit opinion
AuditorR.A. MERCER & CO PC
Plan history3
Yearassets · accounts · employer contribution
2024$41.0M · 757 accts · $2.4M emplr
2023$28.5M · 566 accts · $1.8M emplr
2022$18.9M · 488 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$72,409
Investment management$57,916
Total administrative$133,715
The Seneca Holdings, LLC 401(k) match · 2024
Employer contribution per active participant$2,381
Median for plans this size$2,416
2024$2,381 per active participant
2023$2,595 per active participant
2022$3,080 per active participant

Seneca Holdings, LLC's 2024 employer contribution ran below the $2,416 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.

Administrative cost history3
2024$133,715 · 0.39%
2023$114,244 · 0.48%
2022$103,849 · 0.57%
Same employer
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Dailypay, Inc. NY$41.5M · 0.45%
Squarepoint Services US LLC NY$41.3M · 0.04%
Arrow Financial Corporation NY$40.2M · 0.00%
Homestead Funding Corp. NY$40.1M · 0.02%
Lemonade, Inc. NY$39.6M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 943471520 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.