Plan Ledger DOL Form 5500 · updated monthly

Thor Equities, LLC401(k)

THE THOR EQUITIES, LLC 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Thor Equities, LLC reported $65,017 in plan administrative expenses for 2024: 0.57% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,656 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 0.53% to 0.57%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in New York (3,358th of 5,648), and the 1,006th of 2,096 in real estate & leasing. In 2024, employees put in $2.97 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,785,752
Participants with balances133
Active participants68
Employer contributions$248,641
Employee contributions$738,058
Employer contribution per active participant$3,656
Average account balance$88,615
Benefits paid to participants$1,845,056
Plan auditUnmodified (clean) audit opinion
AuditorHILL, BARTH & KING, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$11.8M · 133 accts · $249K emplr
2023$11.2M · 139 accts · $197K emplr
2022$11.8M · 146 accts · $91K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,167
Investment management$38,350
Audit (IQPA)$16,500
Total administrative$65,017
The Thor Equities, LLC 401(k) match · 2024
Employer contribution per active participant$3,656
Median for plans this size$2,416
2024$3,656 per active participant
2023$3,024 per active participant
2022$1,324 per active participant

Thor Equities, LLC's 2024 employer contribution ran above the $2,416 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 · 20244
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$36,058
HILL BARTH & KING LLC DBA HBK CPAS · Accounting / audit$16,500
EMPOWER ADVISORY GROUP, LLC · Investment management$2,292

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$65,017 · 0.57%
2023$47,412 · 0.41%
2022$69,838 · 0.53%
Similar plansReal Estate & Leasing · New York
Grenadier Realty Corp NY$13.5M · 0.52%
United Payroll, LLC NY$13.1M · 0.16%
Relo Redac, Inc. NY$11.7M · 0.96%
Aion Management, LLC NY$11.3M · 1.10%
Orchard Technologies, Inc NY$11.3M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 134191112 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.