Plan Ledger DOL Form 5500 · updated monthly

Superior Cleaning Servicesny401(k)

SUPERIOR CLEANING SERVICES (NY) LLC 401(K) RETIREMENT PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
2.46%

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

Superior Cleaning Servicesny reported $34,948 in plan administrative expenses for 2024: 2.46% of average plan assets, higher than ~90% of peers. Employer contributions averaged $846 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 rose from 2.20% to 2.46%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in New York (5,238th of 5,648), and 2,068th of 2,534 in administrative & support services. In 2024, employees put in $1.87 for every $1.00 the employer contributed; active participation has shrunk from 517 to 171 since 2022.

Plan summary
Net assets, end of year$1,449,427
Participants with balances208
Active participants171
Employer contributions$144,673
Employee contributions$270,667
Employer contribution per active participant$846
Average account balance$6,968
Benefits paid to participants$512,765
Plan auditUnmodified (clean) audit opinion
AuditorBORIS BENIC AND ASSOCIATES LLP
Plan history3
Yearassets · accounts · employer contribution
2024$1.4M · 208 accts · $145K emplr
2023$1.4M · 238 accts · $141K emplr
2022$1.0M · 190 accts · $128K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,948
Total administrative$34,948
The Superior Cleaning Servicesny 401(k) match · 2024
Employer contribution per active participant$846
Median for plans this size$1,313
2024$846 per active participant
2023$181 per active participant
2022$248 per active participant

Superior Cleaning Servicesny's 2024 employer contribution ran below the $1,313 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. · Loan processing · Recordkeeping$34,948
ADP BROKER-DEALER · Other servicesindirect comp
NORTHSHORE WEALTH MANAGEMENT, LLC · 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
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$34,948 · 2.46%
2023$28,738 · 2.38%
2022$22,014 · 2.20%
Similar plansAdministrative & Support Services · New York
Ets, Inc. NY$2.0M · 0.42%
Seal Security, LLC NY$1.4M · 0.90%
The Gallivan Corporation NY$1.4M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 264474040 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.