Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Maxim Group
Maxim Group 401(k)
- Finance and insurance
- Woodbury, NY
- EIN 04-3640096
- 1 plan with Schedule H financials
- Plan year 2024
- Maxim Group, LLC
- SEC registrant Maxim Group LLC
Administrative expenses excluding investment management, per participant · Maxim Group, LLC 401(k) Plan · plan year 2024
$557.72
Higher than 98% of the 8,758 plans $50 to 250M that report it.
Source
= $118,795 / 213
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015071933NAL0008445586002, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015071933NAL0008445586002, received 2025-10-15
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-15.
Cost and contributions
Administrative expenses per participant
$557.72
Higher than 96% of the 9,042 plans $50 to 250M that report it.
Source
= $118,795 / 213
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015071933NAL0008445586002, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015071933NAL0008445586002, received 2025-10-15
Administrative expenses as a share of assets
0.152%
Higher than 56% of the 9,049 plans $50 to 250M that report it.
Source
= $118,795 / $77,987,253
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015071933NAL0008445586002, received 2025-10-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015071933NAL0008445586002, received 2025-10-15
Employer contributions per participant
$642
Higher than 5% of the 9,105 plans $50 to 250M that report it.
Source
= $136,836 / 213
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015071933NAL0008445586002, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015071933NAL0008445586002, received 2025-10-15
Employer share of total contributions
5.2%
Higher than 2% of the 9,112 plans $50 to 250M that report it.
Source
= $136,836 / $2,640,724
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015071933NAL0008445586002, received 2025-10-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015071933NAL0008445586002, received 2025-10-15
Plan terms, as stated in Maxim Group, LLC's SEC filings
Plan terms are not published in public filings.
Plan features
2E profit-sharing · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 3B · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251015071933NAL0008445586002, received 2025-10-15
Full record, Maxim Group, LLC 401(k) Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | MAXIM GROUP, LLC | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251015071933NAL0008445586002, received 2025-10-15 |
| Plan name | MAXIM GROUP, LLC 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251015071933NAL0008445586002, received 2025-10-15 |
| Sponsor EIN / plan number | 04-3640096 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251015071933NAL0008445586002, received 2025-10-15 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251015071933NAL0008445586002, received 2025-10-15 |
| Sponsor location | WOODBURY, NY | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251015071933NAL0008445586002, received 2025-10-15 |
| Industry (business code) | 523120, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251015071933NAL0008445586002, received 2025-10-15 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251015071933NAL0008445586002, received 2025-10-15 |
| Filing received | 2025-10-15 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251015071933NAL0008445586002, received 2025-10-15 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251015071933NAL0008445586002, received 2025-10-15 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251015071933NAL0008445586002, received 2025-10-15 |
| Participants, beginning of year | 239 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251015071933NAL0008445586002, received 2025-10-15 |
| Active participants | 173 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251015071933NAL0008445586002, received 2025-10-15 |
| Participants, end of year | 231 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251015071933NAL0008445586002, received 2025-10-15 |
| Participants with an account balance | 213 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015071933NAL0008445586002, received 2025-10-15 |
| Total assets, beginning of year | $72,179,224 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251015071933NAL0008445586002, received 2025-10-15 |
| Total assets, end of year | $77,987,253 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015071933NAL0008445586002, received 2025-10-15 |
| Net assets, end of year | $77,987,253 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251015071933NAL0008445586002, received 2025-10-15 |
| Total income | $13,517,436 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251015071933NAL0008445586002, received 2025-10-15 |
| Net income | $5,808,029 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251015071933NAL0008445586002, received 2025-10-15 |
| Employer contributions | $136,836 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015071933NAL0008445586002, received 2025-10-15 |
| Participant contributions | $2,503,888 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251015071933NAL0008445586002, received 2025-10-15 |
| Total contributions | $2,640,724 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015071933NAL0008445586002, received 2025-10-15 |
| Benefit payments | $7,590,612 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251015071933NAL0008445586002, received 2025-10-15 |
| Total expenses (incl. benefit payments) | $7,709,407 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251015071933NAL0008445586002, received 2025-10-15 |
| Total administrative expenses | $118,795 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015071933NAL0008445586002, received 2025-10-15 |
| Contract administrator fees | $118,795 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251015071933NAL0008445586002, received 2025-10-15 |
| Administrative expenses excluding investment management | $118,795 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015071933NAL0008445586002, received 2025-10-15 |
| Held in common/collective trusts | $5,561,943 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251015071933NAL0008445586002, received 2025-10-15 |
| Held in mutual funds | $21,935,551 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251015071933NAL0008445586002, received 2025-10-15 |
| Independent auditor | CITRIN COOPEMAN & COMPANY LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251015071933NAL0008445586002, received 2025-10-15 |
Position = column in the DOL layout for form year 2024. Filing 20251015071933NAL0008445586002, received 2025-10-15.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| DANZIGER & MARKHOFF LLP | OTHER SERVICES | 49 Other services; 99 Other fees | not reported | |
| PRINCIPAL LIFE INSURANCE COMPANYrecordkeeper | CONTRACT ADMINISTRATOR | 13 Contract administrator; 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees | not reported |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251015071933NAL0008445586002, received 2025-10-15.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $72,179,224 | $77,987,253 | 8.0% |
| Participants with a balance | 225 | 213 | -5.3% |
| Administrative expenses | $105,456 | $118,795 | 12.6% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $200,882 | $136,836 | -31.9% |
Prior filing 20241015112951NAL0016232227002, received 2024-10-15; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: MAXIM GROUP, LLC; SEC registrant: MAXIM GROUP LLC (CIK 1172614, matched by EIN).