Plan Ledger DOL Form 5500 · updated monthly

Specialty Professional Services401(k)

SPECIALTY PROFESSIONAL SERVICES 401(K) PLAN · WHITESTONE, NY · plan year 2022

Reported admin expense ratio · 2022
0.93%

Specialty Professional Services reported $6,474 in plan administrative expenses for 2022: 0.93% of average plan assets, above the peer median. 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in New York (5,399th of 5,648), and 3,126th of 3,341 in other services.

Plan summary
Net assets, end of year$742,789
Participants with balances67
Active participants235
Employer contributions—
Employee contributions$263,643
Employer contribution per active participant—
Average account balance$11,086
Benefits paid to participants$42,193
Plan auditUnmodified (clean) audit opinion
AuditorDEMING MALONE LIVESAY & OSTROF
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$6,474 · 0.93%
Similar plansOther Services · New York
Visron Design Inc NY$1.0M · 0.60%
Core Services Group, Inc. NY$1.0M · 1.16%
Fr Parallel Sub LLC NY$851K · 1.31%
Allpro Parking, LLC NY$656K · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 113150144 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.