Plan Ledger DOL Form 5500 · updated monthly

Tap Electric Metro Jv401(k)

TAP & AFFILIATES 401(K) PLAN · ISLANDIA, NY · plan year 2023

Reported admin expense ratio · 2023
0.34%

Tap Electric Metro Jv reported $48,024 in plan administrative expenses for 2023: 0.34% of average plan assets, above the peer median. 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 0.40% to 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in New York (2,955th of 5,648), and the 2,453rd of 5,337 in construction.

Plan summary
Net assets, end of year$15,150,648
Participants with balances94
Active participants94
Employer contributions—
Employee contributions$1,104,228
Employer contribution per active participant—
Average account balance$161,177
Benefits paid to participants$994,305
Plan auditDisclaimer of opinion
AuditorHOWARD FREEDMAN CPA
Plan history2
Yearassets · accounts · employer contribution
2023$15.2M · 94 accts
2022$13.1M · 116 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$48,024
Total administrative$48,024
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
ALLIANCE BERNSTEIN · Investment advisory (plan)$32,656
FIRST GREAT WEST$13,206
KLERER FINANCIAL SERVICES INC · Contract administrator$2,000

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

Administrative cost history2
2023$48,024 · 0.34%
2022$58,027 · 0.40%
Similar plansConstruction · New York
Elecnor Hawkeye, LLC NY$16.7M · 0.19%
Pooler Enterprises, Inc. NY$15.6M · 0.36%
Northline Ventures, Inc. NY$14.8M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 203646966 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.