Plan Ledger DOL Form 5500 · updated monthly

The Board of Trustees of the Seiu Local 200UNITED 401(K) Plan401(k)

SEIU LOCAL 200UNITED 401(K) PLAN · SYRACUSE, NY · plan year 2024

Reported admin expense ratio · 2024
0.59%

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

The Board of Trustees of the Seiu Local 200UNITED 401(K) Plan reported $31,224 in plan administrative expenses for 2024: 0.59% of average plan assets, above the peer median. Employer contributions averaged $424 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 0.45% to 0.59%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in New York (4,342nd of 5,648), and 4,400th of 4,798 in finance & insurance. In 2024, employees put in $2.70 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,682,201
Participants with balances164
Active participants168
Employer contributions$71,177
Employee contributions$191,902
Employer contribution per active participant$424
Average account balance$34,648
Benefits paid to participants$315,192
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.7M · 164 accts · $71K emplr
2023$4.9M · 172 accts · $71K emplr
2022$4.9M · 183 accts · $68K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,228
Audit (IQPA)$4,680
Total administrative$31,224
The The Board of Trustees of the Seiu Local 200UNITED 401(K) Plan 401(k) match · 2024
Employer contribution per active participant$424
Median for plans this size$1,313
2024$424 per active participant
2023$295 per active participant
2022$420 per active participant

The Board of Trustees of the Seiu Local 200UNITED 401(K) Plan's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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 · 20242
BLITMAN & KING, LLP · Legal$25,200
BONADIO & CO., LLC · Accounting / audit$8,400

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$31,224 · 0.59%
2023$27,546 · 0.56%
2022$24,087 · 0.45%
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Qic US Management, Inc. NY$5.9M · 0.06%
Checkalt-Eras, LLC NY$5.7M · 0.08%
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New York Rhb LLC NY$5.2M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 274279216 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.