Plan Ledger DOL Form 5500 · updated monthly

Unique People Services401(k)

UNIQUE PEOPLE SERVICES 401(K) PROFIT SHARING PLAN · BRONX, NY · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Unique People Services reported $12,404 in plan administrative expenses for 2024: 0.16% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,664 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 0.16%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in New York (3,830th of 5,648), and 1,802nd of 3,341 in other services. In 2024, the employer put in $1.17 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$8,546,260
Participants with balances411
Active participants250
Employer contributions$665,968
Employee contributions$567,488
Employer contribution per active participant$2,664
Average account balance$20,794
Benefits paid to participants$703,739
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.5M · 411 accts · $666K emplr
2023$7.2M · 384 accts · $641K emplr
2022$5.6M · 350 accts · $465K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,404
Total administrative$12,404
The Unique People Services 401(k) match · 2024
Employer contribution per active participant$2,664
Median for plans this size$1,313
2024$2,664 per active participant
2023$2,636 per active participant
2022$1,838 per active participant

Unique People Services'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
LONG ISLAND EMPLOYEE BENEFITS GROUP · Contract administrator$7,225
EMPOWER ADVISORYT GROUP, LLC · Investment management$2,833

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$12,404 · 0.16%
2023$7,980 · 0.13%
2022$11,422 · 0.19%
Same employer
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Save on Sp LLC NY$8.9M · 0.89%
Building Services Local 2 NY$8.6M · 6.16%
Methodist Church Home NY$8.5M · 0.17%
Tropic NY$8.2M · 0.13%
Simulmedia Inc NY$8.1M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133636555 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.