Plan Ledger DOL Form 5500 · updated monthly

Swimjim Inc401(k)

SWIM JIM 401K PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
2.00%

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

Swimjim Inc reported $5,956 in plan administrative expenses for 2024: 2.00% of average plan assets, above the peer median. Employer contributions averaged $754 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 under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in New York (5,484th of 5,648), and 3,206th of 3,341 in other services. In 2024, employees put in $2.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$392,443
Participants with balances108
Active participants86
Employer contributions$64,817
Employee contributions$129,607
Employer contribution per active participant$754
Average account balance$3,634
Benefits paid to participants$38,861
Plan auditUnmodified (clean) audit opinion
AuditorSEVEN SOLUTIONS LLC
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,925
Investment management$31
Total administrative$5,956
The Swimjim Inc 401(k) match · 2024
Employer contribution per active participant$754
Median for plans this size$540

Swimjim Inc's 2024 employer contribution ran above the $540 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 · 20241
ADP, INC. · Loan processing · Recordkeeping$5,956

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

Administrative cost history1
2024$5,956 · 2.00%
All plans at this employer2
SWIM JIM 401K PLAN401(k)
SWIM JIM 401K PLAN401(k)
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Source: U.S. Department of Labor, Form 5500 series, EIN 134027597 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.