Plan Ledger DOL Form 5500 · updated monthly

University Support Services, LLC401(k)

UNIVERSITY SUPPORT SERVICES, LLC CASH OR DEFERRED PLAN · GREAT RIVER, NY · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

University Support Services, LLC reported $128,159 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,798 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 0.47%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 2,019th-largest of 5,648 plans among New York employers on file, and the 1,321st of 3,091 in educational services. In 2024, employees put in $2.09 for every $1.00 the employer contributed; active participation has shrunk from 298 to 249 since 2022.

Plan summary
Net assets, end of year$28,718,368
Participants with balances328
Active participants249
Employer contributions$945,753
Employee contributions$1,975,007
Employer contribution per active participant$3,798
Average account balance$87,556
Benefits paid to participants$2,877,388
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.7M · 328 accts · $946K emplr
2023$25.3M · 321 accts · $899K emplr
2022$20.8M · 324 accts · $998K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$61,458
Investment management$66,701
Total administrative$128,159
The University Support Services, LLC 401(k) match · 2024
Employer contribution per active participant$3,798
Median for plans this size$2,416
2024$3,798 per active participant
2023$2,757 per active participant
2022$3,350 per active participant

University Support Services, 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 · 20242
JOHN HANCOCK LIFE INS CO OF NY · Recordkeeping · Investment management$3,430
MERRILL LYNCH WEALTH MANAGEMENT · Investment advisory (participants)$66,701

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$128,159 · 0.47%
2023$107,294 · 0.46%
2022$101,351 · 0.48%
Same employer
Similar plansEducational Services · New York
Trudeau Institute, Inc. NY$29.9M · 0.09%
Birch Family Services, Inc. NY$26.7M · 0.64%
Staten Island Academy NY$26.0M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208105776 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.