Plan Ledger DOL Form 5500 · updated monthly

Terry Tree Service, LLC.401(k)

TERRY TREE SERVICE, LLC. 401(K) PLAN · HENRIETTA, NY · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

Terry Tree Service, LLC. reported $38,294 in plan administrative expenses for 2024: 0.65% of average plan assets, above the peer median. Employer contributions averaged $3,461 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 0.40% to 0.65%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in New York (4,103rd of 5,648), and 3,608th of 5,337 in construction. In 2024, employees put in $1.89 for every $1.00 the employer contributed; active participation has grown from 110 to 128 since 2022.

Plan summary
Net assets, end of year$6,874,315
Participants with balances166
Active participants128
Employer contributions$442,952
Employee contributions$836,605
Employer contribution per active participant$3,461
Average account balance$41,412
Benefits paid to participants$413,153
Plan auditUnmodified (clean) audit opinion
AuditorDAVIE KAPLAN CERTIFIED PUBLIC ACCOU
Plan history3
Yearassets · accounts · employer contribution
2024$6.9M · 166 accts · $443K emplr
2023$5.0M · 199 accts · $311K emplr
2022$4.2M · 176 accts · $270K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,691
Investment management$15,946
Total administrative$38,294
The Terry Tree Service, LLC. 401(k) match · 2024
Employer contribution per active participant$3,461
Median for plans this size$1,313
2024$3,461 per active participant
2023$2,593 per active participant
2022$2,451 per active participant

Terry Tree Service, 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 · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$15,946
ENVESTNET RETIREMENT SOLUTIONS, LLC$2,657

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

Administrative cost history3
2024$38,294 · 0.65%
2023$29,685 · 0.65%
2022$17,980 · 0.40%
Same employer
Similar plansConstruction · New York
Tsc Construction LLC NY$6.9M · 0.91%
More Consulting Corp. NY$6.7M · 0.47%
Trenmor LLC dba Linesight NY$6.4M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161488524 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.