Retirement plan

BLACKSTONE 401(K) SAVINGS PLAN

Name: BLACKSTONE ADMINISTRATIVE SERVICES PARTNERSHIP, L.P. - BLACKSTONE 401(K) SAVINGS PLAN (2024) Form 5500
Creator: BLACKSTONE ADMINISTRATIVE SERVICES PARTNERSHIP, L.P.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BLACKSTONE 401(K) SAVINGS PLAN, BLACKSTONE ADMINISTRATIVE SERVICES PARTNERSHIP, L.P.

BLACKSTONE ADMINISTRATIVE SERVICES PARTNERSHIP, L.P.EIN 13-3637000Plan #002PY 2024

345 PARK AVENUE - NEW YORK, NY 101540004646-482-3542

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$922.7M

-13.1% from 2016

Total participants

5,290

-7.8% from 2016

Average account balance

$189,665

-4.3% from 2016

Annual return

20.00%

-16.76 pp from 2016

Benchmarks

See 609 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort609 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$922.72M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$190K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

4,865

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

88.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$83.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+20.00%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$119

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 5 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.10+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$170,393
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	$165,422
DELOITTE & TOUCHE LLP3 years Filed as: DELOITTE & TOUCHE Service code 10 · EIN 13-3891517	Accounting	$141,448
SAGEVIEW ADVISORY GROUP, LLC1 year Filed as: SAGEVIEW Service code 27 · EIN 33-0818667	Advisory (Plan)	$68,000
GROOM LAW GROUP1 year Filed as: GROOM LAW GROUP CHARTERED Service code 29 · EIN 52-1219029	Legal	$33,002

Plan features & details

Pension benefit codes2F2G2J2K2T2E3D2R

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$578K

$155 / participant

Recordkeeping$163K28.1%
Investment mgmt$238K41.2%
Legal$33K5.7%
Contract admin$3K0.5%
Other / not subdivided$141K24.5%

% of EOY assets

0.063%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DELOITTE & TOUCHE
Auditor EIN: 133891517
Audit fees: $141,448
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$189,665

$122,585+54.7%

$184,256+2.9%

$200,096-5.2%

Participation rate

88.6%

86.9%+1.6pp

86.8%+1.8pp

72.0%+16.6pp

Annual return

20.00%

144.12%-124.1pp

28.85%-8.8pp

34.26%-14.3pp

Employer contribution / active EE

$2,316

$4,571-49.3%

$6,427-64.0%

$3,038-23.7%

Participant deferral / active EE

$19,979

$7,972+150.6%

$9,133+118.7%

$5,090+292.5%

Admin fee / account holder

$119

$120-1.1%

$13,899-99.1%

$269-55.9%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.10+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$170,393

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

$165,422

DELOITTE & TOUCHE LLP3 years

Filed as: DELOITTE & TOUCHE

Service code 10 · EIN 13-3891517

Accounting

$141,448

SAGEVIEW ADVISORY GROUP, LLC1 year

Filed as: SAGEVIEW

Service code 27 · EIN 33-0818667

Advisory (Plan)

$68,000

GROOM LAW GROUP1 year

Filed as: GROOM LAW GROUP CHARTERED

Service code 29 · EIN 52-1219029

Legal

$33,002

BLACKSTONE 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BLACKSTONE 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion