Plan Ledger DOL Form 5500 · updated monthly

Xcel Brands, Inc.401(k)

XCEL BRANDS, INC. 401(K) SAVINGS PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.69%

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

Xcel Brands, Inc. reported $25,781 in plan administrative expenses for 2024: 0.69% of average plan assets, above the peer median. Employer contributions averaged $0 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 0.06% to 0.69%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in New York (4,706th of 5,648), and 4,534th of 4,798 in finance & insurance. active participation has shrunk from 76 to 23 since 2022.

Plan summary
Net assets, end of year$3,832,000
Participants with balances86
Active participants23
Employer contributions$0
Employee contributions$176,402
Employer contribution per active participant$0
Average account balance$44,558
Benefits paid to participants$406,186
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.8M · 86 accts
2023$3.6M · 174 accts
2022$3.7M · 205 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,847
Investment management$14,934
Total administrative$25,781
The Xcel Brands, Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Xcel Brands, Inc.'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 · 20242
JOHN HANCOCK LIC OF NEW YORK · Recordkeeping · Investment management$10,847
ALLIANT RETIREMENT SERVICES · Investment advisory (participants)$14,934

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$25,781 · 0.69%
2023$16,404 · 0.45%
2022$2,403 · 0.06%
Similar plansFinance & Insurance · New York
Electronic Payments Inc. NY$4.4M · 0.05%
Reliant Funding NY$3.8M · 0.91%
East Coast Capital Corp NY$3.0M · 1.02%
Imprint Payments, Inc. NY$3.0M · 0.02%
Vindex LLC NY$2.4M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 760307819 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.