Plan Ledger DOL Form 5500 · updated monthly

Silverstein Properties, LLC401(k)

SILVERSTEIN PROPERTIES, INC. 401(K) RETIREMENT PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Silverstein Properties, LLC reported $65,977 in plan administrative expenses for 2024: 0.10% of average plan assets, below the peer median. Employer contributions averaged $5,536 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 0.13% to 0.10%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 1,049th-largest of 5,648 plans among New York employers on file, and the 186th of 2,096 in real estate & leasing. In 2024, employees put in $2.49 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$71,474,550
Participants with balances343
Active participants242
Employer contributions$1,339,765
Employee contributions$3,332,943
Employer contribution per active participant$5,536
Average account balance$208,381
Benefits paid to participants$5,088,632
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$71.5M · 343 accts · $1.3M emplr
2023$61.0M · 357 accts · $1.4M emplr
2022$51.6M · 339 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$65,977
Total administrative$65,977
The Silverstein Properties, LLC 401(k) match · 2024
Employer contribution per active participant$5,536
Median for plans this size$3,635
2024$5,536 per active participant
2023$5,611 per active participant
2022$4,810 per active participant

Silverstein Properties, LLC's 2024 employer contribution ran above the $3,635 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
ADP, INC. · Loan processing · Recordkeeping$65,977
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP, MARCUM LLP

This plan has changed recordkeepers within these filings. If you left Silverstein Properties, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$65,977 · 0.10%
2023$54,292 · 0.10%
2022$74,909 · 0.13%
Same employer
Similar plansReal Estate & Leasing · New York
Savills, Inc NY$80.6M · 0.08%
Dra Advisors LLC NY$77.2M · 0.16%
Tf Cornerstone Inc. NY$72.5M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 873871829 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.