Plan Ledger DOL Form 5500 · updated monthly

The Tico Group, LLC401(k)

THE TICO GROUP, LLC 401(K) PLAN · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

The Tico Group, LLC reported $11,118 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,327 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 fell from 0.19% to 0.12%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in New York (3,632nd of 5,648), and the 1,016th of 2,534 in administrative & support services. In 2024, employees put in $3.52 for every $1.00 the employer contributed; active participation has shrunk from 301 to 242 since 2022.

Plan summary
Net assets, end of year$9,847,280
Participants with balances274
Active participants242
Employer contributions$321,139
Employee contributions$1,128,914
Employer contribution per active participant$1,327
Average account balance$35,939
Benefits paid to participants$914,445
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.8M · 274 accts · $321K emplr
2023$8.2M · 284 accts · $296K emplr
2022$6.9M · 283 accts · $173K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,268
Investment management$3,850
Total administrative$11,118
The The Tico Group, LLC 401(k) match · 2024
Employer contribution per active participant$1,327
Median for plans this size$1,313
2024$1,327 per active participant
2023$1,030 per active participant
2022$576 per active participant

The Tico Group, LLC's 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
ADP, INC. · Loan processing · Recordkeeping$7,171
ADP BROKER-DEALER · Other servicesindirect comp
LPL FINANCIALBCG PENSIONMARK · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$11,118 · 0.12%
2023$5,118 · 0.07%
2022$14,113 · 0.19%
Similar plansAdministrative & Support Services · New York
Nomad Health, Inc. NY$10.9M · 0.54%
Evolutioniq, LLC NY$9.9M · 0.09%
Phaxis, LLC NY$9.5M · 0.93%
Janitronics, Inc. NY$9.2M · 0.51%
Jzanus Consulting, Inc. NY$9.2M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453630579 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.