Plan Ledger DOL Form 5500 · updated monthly

Steer Davies and Gleave Inc401(k)

STEER DAVIES AND GLEAVE INC 401(K) PROFIT SHARING PLAN & TRUST · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Steer Davies and Gleave Inc reported $28,090 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $4,115 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 1 year on file its reported administrative ratio fell from 0.36% to 0.29%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in New York (3,501st of 5,648), and the 1,582nd of 3,341 in other services. In 2024, employees put in $2.53 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,796,752
Participants with balances167
Active participants91
Employer contributions$374,450
Employee contributions$946,902
Employer contribution per active participant$4,115
Average account balance$64,651
Benefits paid to participants$544,685
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$10.8M · 167 accts · $374K emplr
2023$8.5M · 173 accts · $411K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,132
Investment management$10,000
Trustee / custodial$958
Total administrative$28,090
The Steer Davies and Gleave Inc 401(k) match · 2024
Employer contribution per active participant$4,115
Median for plans this size$1,313
2024$4,115 per active participant
2023$3,667 per active participant

Steer Davies and Gleave Inc's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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
PAYCHEX, INC. · Recordkeeping$17,214
GALLAGHER FIDUCIARY ADVISORS, LLC · Investment advisory (participants)$10,000

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

Recordkeeper by year2
2024Paychex
2023GALLAGHER FIDUCIARY ADVISORS, LLC, Paychex, TRIAD ADVISOR

This plan has changed recordkeepers within these filings. If you left Steer Davies and Gleave Inc before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history2
2024$28,090 · 0.29%
2023$24,969 · 0.36%
Same employer
Similar plansOther Services · New York
Bideawee, Inc. NY$11.2M · 0.58%
United Mortgage Corp NY$11.1M · 0.92%
The Union League Club NY$10.6M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450585269 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.