Plan Ledger DOL Form 5500 · updated monthly

Silverlining Interiors, Inc.401(k)

SILVERLINING INTERIORS, INC. 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Silverlining Interiors, Inc. reported $54,165 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $2,652 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 0.33% 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 (2,901st of 5,648), and 6,440th of 11,654 in professional & technical services. In 2024, employees put in $1.80 for every $1.00 the employer contributed; active participation has shrunk from 230 to 204 since 2022.

Plan summary
Net assets, end of year$15,593,832
Participants with balances267
Active participants204
Employer contributions$541,056
Employee contributions$971,271
Employer contribution per active participant$2,652
Average account balance$58,404
Benefits paid to participants$1,479,766
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.6M · 267 accts · $541K emplr
2023$14.1M · 290 accts · $451K emplr
2022$11.6M · 272 accts · $423K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$54,165
Total administrative$54,165
The Silverlining Interiors, Inc. 401(k) match · 2024
Employer contribution per active participant$2,652
Median for plans this size$2,416
2024$2,652 per active participant
2023$1,864 per active participant
2022$1,838 per active participant

Silverlining Interiors, Inc.'s 2024 employer contribution ran above 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$54,165
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect 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$54,165 · 0.37%
2023$42,857 · 0.33%
2022$40,666 · 0.33%
Similar plansProfessional & Technical Services · New York
Opentrons Labworks Inc. NY$15.7M · 0.88%
Gizmodo Media Group LLC NY$15.7M · 0.18%
Lippe Taylor, LLC NY$15.4M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133402118 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.