Plan Ledger DOL Form 5500 · updated monthly

Time Equities, Inc.401(k)

TIME EQUITIES, INC. 401(K) PROFIT SHARING PLAN & TRUST · NEW YORK, NY · plan year 2023

Reported admin expense ratio · 2023
0.31%

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

Time Equities, Inc. reported $90,653 in plan administrative expenses for 2023: 0.31% of average plan assets, above the peer median. Employer contributions averaged $2,338 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 0.32% to 0.67%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 1,927th-largest of 5,648 plans among New York employers on file, and the 447th of 2,096 in real estate & leasing. In 2023, employees put in $4.09 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$30,659,861
Participants with balances218
Active participants174
Employer contributions$406,737
Employee contributions$1,664,266
Employer contribution per active participant$2,338
Average account balance$140,642
Benefits paid to participants$3,999,949
Plan auditUnmodified (clean) audit opinion
AuditorSATTY LEVINE AND CIACCO CPA
Plan history3
Yearassets · accounts · employer contribution
2024$321K · 20 accts · $171K emplr
2023$30.7M · 218 accts · $407K emplr
2022$28.5M · 215 accts · $984K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$90,653
Total administrative$90,653
The Time Equities, Inc. 401(k) match · 2023
Employer contribution per active participant$2,338
Median for plans this size$2,440
2024$14,264 per active participant
2023$2,338 per active participant
2022$5,654 per active participant

Time Equities, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20235
THRIVENT ADVISOR NETWORK LLC · Investment advisory (plan)$74,816
LEAFHOUSE FINANCIAL ADVISORS, LLC · Investment advisory (plan)$14,329
UNITED BENEFIT PENSIONS INC. · Contract administrator$11,225
EMPOWER ADVISORY GROUP, LLC · Investment management$4,289

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$103,746 · 0.67%
2023$90,653 · 0.31%
2022$96,967 · 0.32%
Same employer
Similar plansReal Estate & Leasing · New York
Ogden Cap Properties, LLC NY$35.8M · 0.22%
Rent the Runway, Inc. NY$34.8M · 0.18%
Bldg Management Co, Inc. NY$29.6M · 0.02%
Fairfield Properties NY$29.0M · 0.42%
Rose Associates, Inc. NY$28.1M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 132659445 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.