Plan Ledger DOL Form 5500 · updated monthly

Sportime Clubs, LLC401(k)

SPORTIME RETIREMENT PLAN · KINGS PARK, NY · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Sportime Clubs, LLC reported $49,390 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $1,655 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 0.09% to 0.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is among the smaller plans on file in New York (2,986th of 5,648), and the 524th of 1,311 in arts, entertainment & recreation. In 2024, employees put in $1.40 for every $1.00 the employer contributed; active participation has grown from 282 to 474 since 2022.

Plan summary
Net assets, end of year$14,776,396
Participants with balances201
Active participants474
Employer contributions$784,569
Employee contributions$1,097,213
Employer contribution per active participant$1,655
Average account balance$73,514
Benefits paid to participants$533,912
Plan auditUnmodified (clean) audit opinion
AuditorGRASSI & CO
Plan history3
Yearassets · accounts · employer contribution
2024$14.8M · 201 accts · $785K emplr
2023$12.0M · 176 accts · $248K emplr
2022$9.8M · 163 accts · $220K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$46,380
Investment management$3,010
Total administrative$49,390
The Sportime Clubs, LLC 401(k) match · 2024
Employer contribution per active participant$1,655
Median for plans this size$2,416
2024$1,655 per active participant
2023$839 per active participant
2022$779 per active participant

Sportime Clubs, LLC's 2024 employer contribution ran below 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 · 20245
TRANSAMERICA FINANCIAL LIFE INSURAN · Recordkeeping · Loan processing$43,507
EQUITABLE ADVISORS LLC · Investment advisory (plan)$13,389
LEAFHOUSE FINANCIAL ADVISORS, LLC · Investment advisory (plan)$3,010
TRANSAMERICA TRUST COMPANY · Trustee (directed)$267
EQUITABLE NETWORK LLC · Insurance broker · Insurance 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
2024Transamerica
2023Transamerica

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Administrative cost history3
2024$49,390 · 0.37%
2023$11,173 · 0.10%
2022$9,728 · 0.09%
Similar plansArts, Entertainment & Recreation · New York
Nederlander Productions NY$16.3M · 0.04%
Atari, Inc. NY$16.0M · 0.00%
Piping Rock Club NY$14.6M · 0.00%
Fenimore Art Museum NY$14.5M · 0.00%
Underdog Sports, Inc. NY$14.4M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 113224021 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.