Plan Ledger DOL Form 5500 · updated monthly

Watts Architecture & Engineering, D.P.C.401(k)

WATTS ARCHITECTURE & ENGINEERING, D.P.C. RETIREMENT SAVINGS PLAN · BUFFALO, NY · plan year 2023

Reported admin expense ratio · 2023
0.28%

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

Watts Architecture & Engineering, D.P.C. reported $34,182 in plan administrative expenses for 2023: 0.28% of average plan assets, above the peer median. Employer contributions averaged $2,487 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 rose from 0.26% to 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (3,251st of 5,648), and 7,219th of 11,654 in professional & technical services. In 2023, employees put in $2.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,570,725
Participants with balances106
Active participants70
Employer contributions$174,065
Employee contributions$480,377
Employer contribution per active participant$2,487
Average account balance$118,592
Benefits paid to participants$2,345,005
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.5M · 96 accts · $192K emplr
2023$12.6M · 106 accts · $174K emplr
2022$12.0M · 111 accts · $168K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$34,182
Total administrative$34,182
The Watts Architecture & Engineering, D.P.C. 401(k) match · 2023
Employer contribution per active participant$2,487
Median for plans this size$2,440
2024$2,702 per active participant
2023$2,487 per active participant
2022$2,551 per active participant

Watts Architecture & Engineering, D.P.C.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$34,182

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$37,408 · 0.30%
2023$34,182 · 0.28%
2022$36,380 · 0.26%
Similar plansProfessional & Technical Services · New York
Bernier Carr and Associates NY$12.7M · 0.51%
Bjg Electronics, Inc. NY$12.7M · 0.45%
Sintec Media, Inc. NY$12.7M · 0.02%
Ivci, LLC NY$12.6M · 0.37%
Vector Media NY$12.4M · 0.37%
Roth & Company LLP NY$12.4M · 0.38%
Urban Justice Center NY$12.3M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460635147 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.