Blackstone Administrative Services Partnership, L.P. 401(k) Review & Grade
Blackstone 401(k) Savings Plan
New York, NYFinance & Insurance3,602 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,394Employer $ per active participant
$20,650Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$922.7MNet plan assets, end of year
$189,665Average balance per account
Score breakdown
- Employer generosity8.3 / 5017th percentile for employer $ per participant
- Low cost17.1 / 2569th percentile for low admin cost vs. same-size plans
- Employee saving14.8 / 1599th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 17th |
| Lower admin cost | 69th |
| Employee saving | 99th |
| Peers that auto-enroll | 66% |
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Red flags from the filing
Corrective distributions: the plan refunded $11,669 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Blackstone Administrative Services Partnership, L.P. put in about $2,394 per active participant, below the typical peer ($4,489). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $8,623,618 |
| Participant (employee) contributions | $74,380,168 |
| Other contributions (incl. rollovers in) | $16,579,669 |
| Administrative expenses paid from the plan | $578,215 |
| Contract administrator fees | $2,700 |
| Investment advisory & management fees | $238,393 |
| Benefits paid out | $51,271,304 |
| Net assets, start / end of year | $742.5M / $922.7M |
| Active participants, start / end of year | 3,481 / 3,723 |
| Participants with account balances | 4,865 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Deloitte & Touche |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $170,393 reported compensation |
| Fidelity Investments Institutional | $165,422 reported compensation |
| Deloitte & Touche | $141,448 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014135915NAL0003091473001, received 2025-10-14, EIN 13-3637000, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.