Plan Ledger DOL Form 5500 · updated monthly

Tee Bar CorporationProfit-sharing plan

TEE BAR CORPORATION 401K PROFIT SHARING PLAN & TRUST · HIGHLAND, NY · plan year 2023

Reported admin expense ratio · 2023
0.79%

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

Tee Bar Corporation reported $22,903 in plan administrative expenses for 2023: 0.79% of average plan assets, above the peer median. Employer contributions averaged $840 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 has held roughly steady near 0.79%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in New York (4,876th of 5,648), and 1,181st of 2,240 in accommodation & food services. In 2023, employees put in $1.08 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,082,741
Participants with balances141
Active participants119
Employer contributions$100,000
Employee contributions$108,481
Employer contribution per active participant$840
Average account balance$21,863
Benefits paid to participants$150,614
Plan auditUnmodified (clean) audit opinion
AuditorPRAGER METIS CPA'S LLC
Plan history2
Yearassets · accounts · employer contribution
2023$3.1M · 141 accts · $100K emplr
2022$2.7M · 146 accts · $250K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$5,597
Investment management$17,306
Total administrative$22,903
Employer contributions to the Tee Bar Corporation plan · 2023
Employer contribution per active participant$840
Median for plans this size$1,308
2023$840 per active participant
2022$2,315 per active participant

Tee Bar Corporation's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
TRANSAMERICA FINANCIAL LIFE INSURAN · Recordkeeping · Loan processing$4,913
WELLS FARGO CLEARING SERVICES, LLC · Investment advisory (plan)$68,396
WELLS FARGO$17,306

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$22,903 · 0.79%
2022$21,316 · 0.77%
Similar plansAccommodation & Food Services · New York
Rainbow Room, LLC NY$3.2M · 0.08%
Sleeping Giant NY$3.1M · 0.61%
Momomilk, LLC NY$3.0M · 0.13%
Mark 2 Restaurant NY$3.0M · 1.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141437138 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.