Providers › Recordkeeping and administration
Service provider · Schedule C, plan year 2024
The Benefit Practice
Most often reported for recordkeeping and administration
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Schedule C lists only providers a plan paid $5,000 or more, and is filed only by plans with 100 or more participants.
The Benefit Practice is named as a service provider on the Schedule C of 82 retirement plans with 100 or more participants for plan year 2024, covering 47,881 participant records. Most often it is reported for recordkeeping and administration.
Reported compensation from those plans, direct and indirect, totalled $1.5M. Per plan, the median was $39.68 per participant, with the middle half of plans between $19.24 and $61.02. These are amounts plans reported paying this organisation, not a price list: they depend on which services each plan buys and on how much is paid through fund expenses instead.
Its client plans are most numerous in New York (47), Florida (12) and Texas (4).
In 2009 it appeared on 7 such filings; in 2024, 83. Yearly counts include every filing that names it, so they can run slightly above the number of plans with pages here, and name or EIN changes after mergers can break the series.
Reported compensation per plan
| Across this provider's plans | 25th percentile | Median | 75th percentile |
|---|---|---|---|
| Compensation per participant | $19.24 | $39.68 | $61.02 |
| Compensation as a share of plan net assets | 0.04% | 0.07% | 0.12% |
What each plan reported paying this organisation, not the plan's total cost. For reference, the median US defined contribution plan reported $123 per participant to all Schedule C providers combined.
Plans served by year
Matched by employer identification number. A merger or a change of filing entity starts a new series, so a drop to zero is not a loss of clients by itself.
By state
By plan size
Services reported
Largest plans naming this provider
| Plan | Sponsor | State | Participants | Net assets | Reported to this provider |
|---|---|---|---|---|---|
| 1-800-FLOWERS Team Services, Inc. Prototype 401(k) Profit-Sharing Plan | 1-800-FLOWERS Team Services, Inc. | NY | 5,043 | $218M | $14K |
| 24 Seven, LLC 401(k) Plan | 24 Seven, LLC | NY | 4,002 | $59.0M | $22K |
| Eos Retirement Plan | Eos Investors LLC | NY | 2,849 | $26.7M | $37K |
| Mercedes-Benz USA, LLC Pension Plan | Mercedes-Benz USA, LLC | GA | 2,687 | $399M | $121K |
| ZT Group Int'l, Inc. 401(k) Profit Sharing Plan | ZT Group Int'l, Inc. | NJ | 2,372 | $128M | $3,333 |
| Easter Seals New Jersey Tax Sheltered Annuity Plan | Easter Seals New Jersey, Inc. | NJ | 2,302 | $24.1M | $62K |
| Nexxen Inc. 401(k) Plan | Nexxen Inc. | NY | 1,407 | $99.5M | $43K |
| Dermcare Management, LLC 401(k) Plan | Dermcare Management, LLC | FL | 1,223 | $31.2M | $14K |
| Ihi Group 401(k) Profit Sharing Plan | Ihi Americas Inc. | NY | 1,125 | $165M | $25K |
| Ent and Allergy Associates, LLP Retirement Savings Plan I | Ent and Allergy Associates, LLP | NY | 1,034 | $240M | $22K |
| Mann Packing Co. UFCW Local 1096 401(k) Savings Plan | Mann Packing Co., Inc. | FL | 946 | $13.6M | $11K |
| CCS 401(k) Plan | Community Counselling Service Co., LLC | NY | 797 | $86.3M | $46K |
| Wellhaven Pet Health 401(k) Plan | Wellhaven Pet Health, LLC | WA | 773 | $6.3M | $5,345 |
| BD / Sire 401(k) Plan | Hudson River Inn, LLC | NY | 739 | $3.8M | $18K |
| Asphalt Green, Inc. Profit-Sharing Plan & Trust | Asphalt Green, Inc. | NY | 671 | $11.0M | $20K |
| Frontline Insurance Managers 401(k) Plan | Frontline Insurance Managers, Inc. | FL | 647 | $73.8M | $49K |
| Housing Solutions of New York 403(b) Plan | Bronx Parent Housing Network, Inc. DBA Housing Solutions of New York | NY | 635 | $5.1M | $26K |
| Bean Automotive Group 401(k) Plan | Kendall Imports, LLC | FL | 595 | $22.9M | $19K |
| Ex Nihilo Capital 401(k) Plan | Ex Nihilo Capital | VA | 587 | $1.1M | $800 |
| Phaxis 401(k) Plan | Phaxis, LLC | NY | 582 | $9.5M | $24K |
| Arcade Beauty 401(k) Plan | Aki, Inc. d/b/a Arcade Beauty | NJ | 563 | $46.4M | $29K |
| Oliver Marketing 401(k) Plan | Oml Inc. | NY | 551 | $27.3M | $31K |
| Physicianone Urgent Care 401(k) Plan | Happy Mountains, LLC | CT | 522 | $13.7M | $21K |
| Brilla College Prep 403(b) Retirement Plan | Brilla College Preparatory Charter Schools | NY | 521 | $8.3M | $6,779 |
| Baha Industries Corp. d/b/a Open Systems Technologies 401(k) Plan | Baha Industries Corp. d/b/a Open Systems Technologies | NY | 517 | $28.4M | $22K |
| Ito En US Group Retirement Plan | Ito En North America Inc. | TX | 484 | $24.5M | $14K |
| Software Guidance and Assistance, Inc. 401(k) Profit Sharing Plan and Trust | Software Guidance and Assistance, Inc. | NY | 456 | $15.7M | $16K |
| Learning Network 401(k) Plan | Learning Network LLC | CO | 438 | $5.9M | $5,525 |
| Msr/rams Retirement Plan | Main Street Radiology at Bayside, LLC | NY | 435 | $77.4M | $17K |
| FSR Trucking, Inc. Prevailing Wage Plan | FSR Trucking, Inc. DBA Postal Carrier Corp. | FL | 422 | $2.3M | $25K |
| Saatva Retirement Plan and Trust | Whitestone Home Furnishings, LLC | NY | 418 | $10.3M | $20K |
| Noodle Partners, PBC (DBA Noodle) 401(k) Plan | Noodle Partners, PBC (DBA Noodle) | NY | 383 | $15.4M | $21K |
| Moneylion, Inc. 401(k) Profit Sharing Plan | Moneylion, Inc. | NY | 372 | $19.8M | $23K |
| Hias, Inc. 401(k) Plan | Hias, Inc. | MD | 362 | $15.4M | $10K |
| New Mountain Capital, LLC 401(k) Profit Sharing Plan | New Mountain Capital, LLC | NY | 356 | $72.2M | $10K |
| Naacp Legal Defense & Educational Fund, Inc. 403(b) Plan | Naacp Legal Defense & Educational Fund, Inc. | NY | 353 | $21.6M | $7,925 |
| MGC Group 401(k) Plan | Mitsubishi Gas Chemical America, Inc. | NY | 340 | $13.2M | $26K |
| Framestore Inc. 401(k) Plan | Framestore Inc. | NY | 329 | $9.6M | $3,100 |
| Brainpop 401(k) Plan | FWD Media Inc. | NY | 327 | $21.8M | $17K |
| B. a. T. Retirement Fund | Local Union 514 | NY | 315 | $2.2M | $35K |
Questions and answers
How many plans does The Benefit Practice serve?
82 plans with 100 or more participants named it on Schedule C for plan year 2024. Plans that paid it under $5,000, small plans that file Form 5500-SF, and plans whose filings spell its name without an EIN under a different form are not counted.
What do plans pay The Benefit Practice?
The median plan reported $39.68 per participant in direct and indirect compensation (82 plans reporting an amount), or 0.07% of plan net assets. Eligible indirect compensation disclosed to the plan by formula is not reported as a dollar amount, so many filings understate what a provider receives.
What services are reported?
The service codes most often attached to it are Contract Administrator (35 plans), Other services (31 plans), Recordkeeping and information management (18 plans) and Participant loan processing (16 plans).
Where does this come from?
Schedule C of Form 5500, Part I line 2, from the EBSA research files with filings received through 24 Aug 2026. Individuals named on Schedule C are excluded from this site.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, Schedule C Part I line 2, public domain, with filings received through 24 Aug 2026. Rows are grouped by the provider's EIN as entered by each plan; rows without an EIN join the EIN most often filed under the same name. Providers named on fewer than 25 plans have no page. See the methodology and corrections.