Plan Ledger DOL Form 5500 · updated monthly

St. Nicks Alliance401(k)

ST. NICKS ALLIANCE PENSION PLAN · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

St. Nicks Alliance reported $95,818 in plan administrative expenses for 2024: 0.54% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,630 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 0.58% to 0.54%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 2,571st-largest of 5,648 plans among New York employers on file, and the 1,080th of 3,341 in other services. In 2024, employees put in $1.32 for every $1.00 the employer contributed; active participation has grown from 223 to 296 since 2022.

Plan summary
Net assets, end of year$19,419,483
Participants with balances460
Active participants296
Employer contributions$778,417
Employee contributions$1,027,265
Employer contribution per active participant$2,630
Average account balance$42,216
Benefits paid to participants$774,009
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.4M · 460 accts · $778K emplr
2023$16.2M · 434 accts · $685K emplr
2022$12.9M · 373 accts · $552K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$57,243
Investment management$38,575
Total administrative$95,818
The St. Nicks Alliance 401(k) match · 2024
Employer contribution per active participant$2,630
Median for plans this size$2,416
2024$2,630 per active participant
2023$2,928 per active participant
2022$2,475 per active participant

St. Nicks Alliance'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
ADP, INC. · Recordkeeping$57,242
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$38,574
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, Bank of America / Merrill
2023ADP, Bank of America / Merrill

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Administrative cost history3
2024$95,818 · 0.54%
2023$81,162 · 0.56%
2022$79,769 · 0.58%
Same employer
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Breaking Ground Hdfc NY$19.5M · 0.11%
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Rainforest Alliance Inc NY$18.6M · 0.14%
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Source: U.S. Department of Labor, Form 5500 series, EIN 510192170 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.