Plan Ledger DOL Form 5500 · updated monthly

Sing Tao Newspapers New York LTD401(k)

SING TAO USA GROUP PROFIT SHARING 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

Sing Tao Newspapers New York LTD reported $134,871 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $3,324 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 3 years on file its reported administrative ratio has held roughly steady near 0.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 1,647th-largest of 5,648 plans among New York employers on file, and the 649th of 2,199 in information & media. In 2024, employees put in $1.94 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$38,451,324
Participants with balances217
Active participants119
Employer contributions$395,554
Employee contributions$768,389
Employer contribution per active participant$3,324
Average account balance$177,195
Benefits paid to participants$2,646,998
Plan auditUnmodified (clean) audit opinion
AuditorK A L L ACCOUNTANCY CORPORATION
Plan history3
Yearassets · accounts · employer contribution
2024$38.5M · 217 accts · $396K emplr
2023$34.3M · 223 accts · $403K emplr
2022$33.3M · 234 accts · $432K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,055
Investment management$51,756
Total administrative$134,871
The Sing Tao Newspapers New York LTD 401(k) match · 2024
Employer contribution per active participant$3,324
Median for plans this size$2,416
2024$3,324 per active participant
2023$3,329 per active participant
2022$3,483 per active participant

Sing Tao Newspapers New York LTD'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 · 20243
JOHN HANCOCK LIFE INSUARNCE COMPANY · Recordkeeping · Investment managementindirect comp
SEACREST WEALTH MANAGEMENT, LLC · Investment advisory (participants)$51,756

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$134,871 · 0.37%
2023$123,439 · 0.37%
2022$130,926 · 0.36%
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Source: U.S. Department of Labor, Form 5500 series, EIN 132949051 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.