Plan Ledger DOL Form 5500 · updated monthly

Standard International Management, LLC401(k)

STANDARD INTERNATIONAL MANAGEMENT, LLC 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.88%

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

Standard International Management, LLC reported $115,340 in plan administrative expenses for 2024: 0.88% of average plan assets, higher than ~90% of peers. Employer contributions averaged $332 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 0.94% to 0.88%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in New York (3,144th of 5,648), and the 449th of 2,240 in accommodation & food services. In 2024, employees put in $5.58 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,437,460
Participants with balances399
Active participants556
Employer contributions$184,794
Employee contributions$1,031,078
Employer contribution per active participant$332
Average account balance$33,678
Benefits paid to participants$2,227,449
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.4M · 399 accts · $185K emplr
2023$12.8M · 432 accts · $204K emplr
2022$9.9M · 1,296 accts · $270K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$115,340
Total administrative$115,340
The Standard International Management, LLC 401(k) match · 2024
Employer contribution per active participant$332
Median for plans this size$2,416
2024$332 per active participant
2023$278 per active participant
2022$458 per active participant

Standard International Management, LLC's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$115,340
GALLAGHER FIDUCIARY ADVISORS, LLC · Investment advisory (plan)indirect comp

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

Administrative cost history3
2024$115,340 · 0.88%
2023$120,736 · 1.07%
2022$101,619 · 0.94%
Same employer
Similar plansAccommodation & Food Services · New York
Lessings, Inc. NY$14.4M · 0.04%
Wendcentral Corp. NY$14.3M · 0.82%
Lotte New York Palace, LLC. NY$12.3M · 0.57%
Bill Grays, Inc. NY$12.3M · 0.49%
Pier Sixty LLC NY$11.8M · 0.01%
Leatherstocking Corporation NY$11.6M · 0.08%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 463247791 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.