Plan Ledger DOL Form 5500 · updated monthly

The Solomon-Page Group, LLC401(k)

THE SOLOMON-PAGE GROUP, LLC 401(K) SAVINGS PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

The Solomon-Page Group, LLC reported $149,552 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $729 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 0.31% to 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 1,461st-largest of 5,648 plans among New York employers on file, and the 326th of 2,534 in administrative & support services. In 2024, employees put in $8.85 for every $1.00 the employer contributed; active participation has grown from 483 to 648 since 2022.

Plan summary
Net assets, end of year$45,466,947
Participants with balances780
Active participants648
Employer contributions$472,393
Employee contributions$4,178,904
Employer contribution per active participant$729
Average account balance$58,291
Benefits paid to participants$3,919,214
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$45.5M · 780 accts · $472K emplr
2023$38.7M · 788 accts · $444K emplr
2022$30.3M · 616 accts · $364K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$149,552
Total administrative$149,552
The The Solomon-Page Group, LLC 401(k) match · 2024
Employer contribution per active participant$729
Median for plans this size$2,416
2024$729 per active participant
2023$706 per active participant
2022$754 per active participant

The Solomon-Page Group, LLC's 2024 employer contribution ran below the $2,416 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$149,552
WELLS FARGO ADVISORS FIN NETWORK · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$149,552 · 0.36%
2023$111,679 · 0.32%
2022$102,354 · 0.31%
Same employer
Similar plansAdministrative & Support Services · New York
24 Seven, LLC NY$59.0M · 0.05%
Armhr, LLC NY$45.8M · 0.55%
Sps North America Inc. NY$43.1M · 1.54%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 134149443 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.