Plan Ledger DOL Form 5500 · updated monthly

Bpn, LLP401(k)

VBPNP, LLP RETIREMENT PLAN · VALHALLA, NY · plan year 2024

Reported admin expense ratio · 2024
0.83%

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

Bpn, LLP reported $121,284 in plan administrative expenses for 2024: 0.83% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,348 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 0.95% to 0.83%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (2,932nd of 5,648), and 6,497th of 11,654 in professional & technical services. In 2024, employees put in $1.83 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,323,109
Participants with balances163
Active participants144
Employer contributions$626,114
Employee contributions$1,147,701
Employer contribution per active participant$4,348
Average account balance$94,007
Benefits paid to participants$2,661,363
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.3M · 163 accts · $626K emplr
2023$13.7M · 158 accts · $580K emplr
2022$9.5M · 142 accts · $866K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$81,493
Total administrative$121,284
The Bpn, LLP 401(k) match · 2024
Employer contribution per active participant$4,348
Median for plans this size$2,416
2024$4,348 per active participant
2023$3,715 per active participant
2022$6,230 per active participant

Bpn, LLP's 2024 employer contribution ran above the $2,416 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 · 20244
GLOBAL RETIREMENT PARTNERS, LLC · Investment advisory (plan)$31,329
CAMBRIDGE INVESTMENT RESEARCH INC · Investment advisory (plan)$8,463
BLUE CHIP RETIREMENT PLANS, INC.$2,250

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$121,284 · 0.83%
2023$105,530 · 0.91%
2022$90,837 · 0.95%
Similar plansProfessional & Technical Services · New York
Lippe Taylor, LLC NY$15.4M · 0.20%
The Corporate Source, Inc. NY$15.3M · 0.92%

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Source: U.S. Department of Labor, Form 5500 series, EIN 472367027 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.