Plan Ledger DOL Form 5500 · updated monthly

Shop Architects, Inc401(k)

SHOP ARCHITECTS 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Shop Architects, Inc reported $40,690 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $1,497 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 0.41% to 0.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (3,408th of 5,648), and 7,548th of 11,654 in professional & technical services. In 2024, employees put in $4.43 for every $1.00 the employer contributed; active participation has shrunk from 118 to 106 since 2022.

Plan summary
Net assets, end of year$11,473,655
Participants with balances148
Active participants106
Employer contributions$158,707
Employee contributions$703,177
Employer contribution per active participant$1,497
Average account balance$77,525
Benefits paid to participants$1,321,282
Plan auditUnmodified (clean) audit opinion
AuditorGRASSI & CO
Plan history3
Yearassets · accounts · employer contribution
2024$11.5M · 148 accts · $159K emplr
2023$10.4M · 158 accts · $165K emplr
2022$8.2M · 150 accts · $192K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,029
Investment management$20,749
Trustee / custodial$4,912
Total administrative$40,690
The Shop Architects, Inc 401(k) match · 2024
Employer contribution per active participant$1,497
Median for plans this size$2,416
2024$1,497 per active participant
2023$1,524 per active participant
2022$1,627 per active participant

Shop Architects, Inc'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.

Service providers · 20243
AMERITAS LIFE INSURANCE CORP · Claims processing · Contract administrator$15,028
BKS FINANCIAL INVESTMENTS LLC · Pension consulting · Investment advisory (participants)$20,749
MATRIX TRUST COMPANY · Custodial (securities) · Loan processing$4,912

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

Recordkeeper by year2
2024Ameritas
2023Ameritas

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Administrative cost history3
2024$40,690 · 0.37%
2023$37,567 · 0.40%
2022$36,860 · 0.41%
All plans at this employer2
SHOP ARCHITECTS 401(K) PLAN401(k)
SHOP ARCHITECTS, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
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Kaltura, Inc NY$11.4M · 0.10%
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Source: U.S. Department of Labor, Form 5500 series, EIN 134198194 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.