Plan Ledger DOL Form 5500 · updated monthly

Time Out America, LLC401(k)

TIME OUT AMERICA, LLC 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Time Out America, LLC reported $25,347 in plan administrative expenses for 2024: 0.54% of average plan assets, above the peer median. Employer contributions averaged $617 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 0.08% to 0.54%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in New York (4,516th of 5,648), and 1,903rd of 2,199 in information & media. In 2024, employees put in $2.71 for every $1.00 the employer contributed; active participation has grown from 111 to 232 since 2022.

Plan summary
Net assets, end of year$4,783,321
Participants with balances185
Active participants232
Employer contributions$143,096
Employee contributions$388,262
Employer contribution per active participant$617
Average account balance$25,856
Benefits paid to participants$932,269
Plan auditUnmodified (clean) audit opinion
AuditorAPRIO LLP
Plan history3
Yearassets · accounts · employer contribution
2024$4.8M · 185 accts · $143K emplr
2023$4.5M · 172 accts · $62K emplr
2022$4.0M · 168 accts · $50K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,539
Total administrative$25,347
The Time Out America, LLC 401(k) match · 2024
Employer contribution per active participant$617
Median for plans this size$1,313
2024$617 per active participant
2023$486 per active participant
2022$453 per active participant

Time Out America, LLC'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 · 20241
ADP, INC. · Loan processing · Recordkeeping$19,131

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$25,347 · 0.54%
2023$3,753 · 0.09%
2022$3,405 · 0.08%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 611641727 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.