Plan Ledger DOL Form 5500 · updated monthly

Stony Brook Business Ventures, LLC401(k)

STONY BROOK BUSINESS VENTURES, LLC 401(K) PLAN · COMMACK, NY · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Stony Brook Business Ventures, LLC reported $156,096 in plan administrative expenses for 2024: 0.20% of average plan assets, above the peer median. Employer contributions averaged $1,522 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 0.24% to 0.20%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 922nd-largest of 5,648 plans among New York employers on file, and the 1,256th of 11,911 in health care & social assistance. In 2024, employees put in $1.72 for every $1.00 the employer contributed; active participation has grown from 1,006 to 2,365 since 2022.

Plan summary
Net assets, end of year$83,376,520
Participants with balances2,184
Active participants2,365
Employer contributions$3,599,434
Employee contributions$6,207,991
Employer contribution per active participant$1,522
Average account balance$38,176
Benefits paid to participants$7,919,221
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$83.4M · 2,184 accts · $3.6M emplr
2023$71.9M · 1,316 accts · $3.7M emplr
2022$55.6M · 1,152 accts · $3.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$94,283
Investment management$50,000
Audit (IQPA)$11,813
Total administrative$156,096
The Stony Brook Business Ventures, LLC 401(k) match · 2024
Employer contribution per active participant$1,522
Median for plans this size$3,635
2024$1,522 per active participant
2023$2,832 per active participant
2022$3,231 per active participant

Stony Brook Business Ventures, LLC's 2024 employer contribution ran below the $3,635 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$94,283
UBS FINANCIAL SERVICES INC · Investment advisory (plan)$50,000
CITRIN COOPERMAN & COMPANY, LLP · Accounting / audit$11,813

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$156,096 · 0.20%
2023$132,821 · 0.21%
2022$145,835 · 0.24%
Same employer
Similar plansHealth Care & Social Assistance · New York
Village Care of New York NY$88.0M · 0.13%
Centerlight Health System NY$87.5M · 0.10%
Olean General Hospital NY$81.5M · 0.38%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 273466435 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.