Plan Ledger DOL Form 5500 · updated monthly

Takeone Network LLC401(k)

WRAPBOOK 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Takeone Network LLC reported $28,514 in plan administrative expenses for 2024: 0.33% of average plan assets, below the peer median. Employer contributions averaged $2,763 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 0.37% to 0.33%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in New York (3,512th of 5,648), and 1,466th of 2,199 in information & media. In 2024, employees put in $3.82 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,722,844
Participants with balances206
Active participants211
Employer contributions$583,048
Employee contributions$2,225,215
Employer contribution per active participant$2,763
Average account balance$52,053
Benefits paid to participants$587,404
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$10.7M · 206 accts · $583K emplr
2023$6.8M · 158 accts · $836K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,514
Total administrative$28,514
The Takeone Network LLC 401(k) match · 2024
Employer contribution per active participant$2,763
Median for plans this size$1,313
2024$2,763 per active participant
2023$4,946 per active participant

Takeone Network LLC'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 · 20241
ADP, INC. · Loan processing · Recordkeeping$28,514

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

Administrative cost history2
2024$28,514 · 0.33%
2023$18,179 · 0.37%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 850527731 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.