State Bank of India401(k)
STATE BANK OF INDIA 401(K) PLAN & TRUST · NEW YORK, NY · plan year 2022
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
State Bank of India reported $80,570 in plan administrative expenses for 2022: 0.75% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,679 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.
The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in New York (3,633rd of 5,648), and 4,002nd of 4,798 in finance & insurance. In 2022, employees put in $3.07 for every $1.00 the employer contributed.
State Bank of India's 2022 employer contribution ran above the $2,266 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 132535604 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.