Plan Ledger DOL Form 5500 · updated monthly

Aabr, Inc.403(b)

AABR, INC. 403(B) THRIFT PLAN · COLLEGE POINT, NY · plan year 2023

Reported admin expense ratio · 2023
0.83%

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

Aabr, Inc. reported $106,263 in plan administrative expenses for 2023: 0.83% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,368 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 fell from 1.07% to 0.88%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (3,173rd of 5,648), and the 4,864th of 11,911 in health care & social assistance. In 2023, the employer put in $1.16 for every $1.00 employees contributed themselves; active participation has shrunk from 453 to 358 since 2022.

Plan summary
Net assets, end of year$13,229,072
Participants with balances558
Active participants358
Employer contributions$489,804
Employee contributions$423,516
Employer contribution per active participant$1,368
Average account balance$23,708
Benefits paid to participants$1,405,774
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.8M · 590 accts · $472K emplr
2023$13.2M · 558 accts · $490K emplr
2022$12.3M · 532 accts · $510K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$51,940
Investment management$51,181
Total administrative$106,263
The Aabr, Inc. 401(k) match · 2023
Employer contribution per active participant$1,368
Median for plans this size$2,440
2024$1,043 per active participant
2023$1,368 per active participant
2022$1,126 per active participant

Aabr, Inc.'s 2023 employer contribution ran below the $2,440 median for plans its size. 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PROFESSIONAL CAPITAL SERVICES, LLC · Contract administrator · Recordkeeping$51,940
ROOSEVELT INVESTMENTS · Investment management$51,181

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024PROFESSIONAL CAPITAL SERVICES, LLC
2023PROFESSIONAL CAPITAL SERVICES, LLC

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$115,260 · 0.88%
2023$106,263 · 0.83%
2022$126,657 · 1.07%
Same employer
Similar plansHealth Care & Social Assistance · New York
The Children's Law Center NY$13.3M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 131968035 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.