Plan Ledger DOL Form 5500 · updated monthly

Usg Services, LLC401(k)

USG SERVICES, LLC 401(K) PROFIT SHARING PLAN · SPRING VALLEY, NY · plan year 2024

Reported admin expense ratio · 2024
0.79%

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

Usg Services, LLC reported $73,619 in plan administrative expenses for 2024: 0.79% of average plan assets, above the peer median. Employer contributions averaged $26 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 0.89% to 0.79%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (3,622nd of 5,648), and the 5,733rd of 11,911 in health care & social assistance. In 2024, employees put in $10.66 for every $1.00 the employer contributed; active participation has grown from 2,171 to 3,426 since 2022.

Plan summary
Net assets, end of year$9,907,674
Participants with balances1,676
Active participants3,426
Employer contributions$87,394
Employee contributions$931,753
Employer contribution per active participant$26
Average account balance$5,912
Benefits paid to participants$975,376
Plan auditUnmodified (clean) audit opinion
AuditorFASTEN HALBERSTAM LLP
Plan history3
Yearassets · accounts · employer contribution
2024$9.9M · 1,676 accts · $87K emplr
2023$8.8M · 1,774 accts · $107K emplr
2022$8.1M · 393 accts · $97K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$73,619
Total administrative$73,619
The Usg Services, LLC 401(k) match · 2024
Employer contribution per active participant$26
Median for plans this size$1,313
2024$26 per active participant
2023$39 per active participant
2022$45 per active participant

Usg Services, 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 · 20243
TRANSAMERICA FINANCIAL LIFE INSURAN · Recordkeeping · Loan processing$66,422
INTAC ACTUARIAL SERVICES, INC. · Recordkeeping · Loan processing$5,713
NATIONWIDE · Recordkeeping · Loan processing$4,500

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

Recordkeeper by year2
2024INTAC ACTUARIAL SERVICES, INC., Nationwide, Transamerica
2023INTAC ACTUARIAL SERVICES, INC., Nationwide, Transamerica

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Administrative cost history3
2024$73,619 · 0.79%
2023$68,330 · 0.81%
2022$78,878 · 0.89%
Similar plansHealth Care & Social Assistance · New York
J.M. Murray Center, Inc. NY$9.9M · 0.31%
Symphony Medical PC NY$9.8M · 0.28%
Medco Enterprises, Inc. NY$9.8M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 454658823 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.