Plan Ledger DOL Form 5500 · updated monthly

Soho Studio LLC.401(k)

SOHO STUDIO LLC PROFIT SHARING PLAN AND TRUST · INWOOD, NY · plan year 2024

Reported admin expense ratio · 2024
1.12%

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

Soho Studio LLC. reported $110,714 in plan administrative expenses for 2024: 1.12% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,172 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 1.124%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in New York (3,323rd of 5,648), and 2,677th of 4,246 in wholesale trade. In 2024, employees put in $2.10 for every $1.00 the employer contributed; active participation has grown from 425 to 647 since 2022.

Plan summary
Net assets, end of year$12,010,520
Participants with balances318
Active participants647
Employer contributions$758,519
Employee contributions$1,595,141
Employer contribution per active participant$1,172
Average account balance$37,769
Benefits paid to participants$290,332
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.0M · 318 accts · $759K emplr
2023$7.7M · 246 accts · $609K emplr
2022$4.5M · 202 accts · $492K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$110,714
Total administrative$110,714
The Soho Studio LLC. 401(k) match · 2024
Employer contribution per active participant$1,172
Median for plans this size$1,313
2024$1,172 per active participant
2023$1,158 per active participant
2022$1,158 per active participant

Soho Studio LLC.'s 2024 employer contribution ran below the $1,313 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.

Administrative cost history3
2024$110,714 · 1.12%
2023$52,451 · 0.86%
2022$46,948 · 1.12%
Same employer
Similar plansWholesale Trade · New York
Decor Moulding LTD. NY$12.3M · 0.13%
Wilberts Inc. NY$12.0M · 0.48%
Vp Supply Corporation NY$11.8M · 0.17%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 834384517 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.