Plan Ledger DOL Form 5500 · updated monthly

Tully Rinckey PLLC401(k)

TULLY RINCKEY PLLC 401(K) PROFIT SHARING PLAN AND TRUST · ALBANY, NY · plan year 2024

Reported admin expense ratio · 2024
0.72%

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

Tully Rinckey PLLC reported $55,126 in plan administrative expenses for 2024: 0.72% of average plan assets, above the peer median. Employer contributions averaged $3,408 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 3 years on file its reported administrative ratio has held roughly steady near 0.72%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (3,881st of 5,648), and 8,583rd of 11,654 in professional & technical services. In 2024, employees put in $1.97 for every $1.00 the employer contributed; active participation has grown from 64 to 71 since 2022.

Plan summary
Net assets, end of year$8,273,668
Participants with balances102
Active participants71
Employer contributions$241,958
Employee contributions$477,615
Employer contribution per active participant$3,408
Average account balance$81,114
Benefits paid to participants$478,436
Plan auditUnmodified (clean) audit opinion
AuditorTEAL, BECKER & CHIARAMONTE CPAS PC
Plan history3
Yearassets · accounts · employer contribution
2024$8.3M · 102 accts · $242K emplr
2023$7.1M · 103 accts · $213K emplr
2022$5.8M · 100 accts · $200K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,434
Investment management$36,692
Total administrative$55,126
The Tully Rinckey PLLC 401(k) match · 2024
Employer contribution per active participant$3,408
Median for plans this size$1,313
2024$3,408 per active participant
2023$3,183 per active participant
2022$3,121 per active participant

Tully Rinckey PLLC's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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
FISHER ASSET MANAGEMENT LLC · Recordkeeping · Trustee$36,692
ADP, INC. · Loan processing · Recordkeeping$18,433
ADP BROKER-DEALERindirect 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, FISHER ASSET MANAGEMENT LLC
2023ADP, FISHER ASSET MANAGEMENT LLC

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Administrative cost history3
2024$55,126 · 0.72%
2023$42,962 · 0.67%
2022$50,006 · 0.74%
Similar plansProfessional & Technical Services · New York
Trialspark, Inc. NY$8.4M · 0.07%
Big Architecture D.P.C. NY$8.4M · 0.72%
Laforce & Company, LLC NY$8.3M · 0.01%
Cellino Law, LLP NY$8.2M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202053454 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.