Plan Ledger DOL Form 5500 · updated monthly

Shore Capital Partners Management LP401(k)

SHORE CAPITAL PARTNERS MANAGEMENT, LP RETIREMENT SAVINGS PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.79%

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

Shore Capital Partners Management LP reported $68,171 in plan administrative expenses for 2024: 0.79% of average plan assets, above the peer median. Employer contributions averaged $2,584 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 1.00% to 0.79%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Illinois (2,345th of 3,702), and 3,931st of 4,798 in finance & insurance. In 2024, employees put in $4.36 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,490,063
Participants with balances168
Active participants168
Employer contributions$434,091
Employee contributions$1,894,616
Employer contribution per active participant$2,584
Average account balance$62,441
Benefits paid to participants$400,093
Plan auditUnmodified (clean) audit opinion
AuditorVRAKAS S.C
Plan history3
Yearassets · accounts · employer contribution
2024$10.5M · 168 accts · $434K emplr
2023$6.8M · 98 accts · $436K emplr
2022$3.9M · 103 accts · $549K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$68,171
Total administrative$68,171
The Shore Capital Partners Management LP 401(k) match · 2024
Employer contribution per active participant$2,584
Median for plans this size$1,313
2024$2,584 per active participant
2023$2,885 per active participant
2022$3,251 per active participant

Shore Capital Partners Management LP's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20244
NORTHWESTERN MUTUAL WEALTH MGMT CO · Investment advisory (plan)$32,859
EMPOWER ADVISORY GROUP, LLC · Investment management$9,081
FUTUREPLAN BY ASCENSUS - BPC · Contract administrator$750

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$68,171 · 0.79%
2023$48,223 · 0.90%
2022$32,580 · 1.00%
Similar plansFinance & Insurance · Illinois
Fortress Bank IL$11.1M · 0.02%
Orion Bancorporation, Inc. IL$10.9M · 0.39%
M1 Holdings Inc. IL$10.6M · 0.48%
League Corp. IL$10.3M · 0.18%
Nationwide Loan Company LLC IL$10.2M · 0.40%
Dansig, Inc. IL$10.0M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 272551508 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.