Plan Ledger DOL Form 5500 · updated monthly

Adapt of the Hudson Valley, Inc.401(k)

ADAPT OF THE HUDSON VALLEY, INC. 401(K) PLAN · MIDDLETOWN, NY · plan year 2024

Reported admin expense ratio · 2024
1.01%

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

Adapt of the Hudson Valley, Inc. reported $47,670 in plan administrative expenses for 2024: 1.01% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,488 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 rose from 0.19% to 1.01%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (4,227th of 5,648), and 7,218th of 11,911 in health care & social assistance. In 2024, the employer put in $3.45 for every $1.00 employees contributed themselves; active participation has grown from 542 to 652 since 2022.

Plan summary
Net assets, end of year$6,265,154
Participants with balances561
Active participants652
Employer contributions$2,273,943
Employee contributions$658,808
Employer contribution per active participant$3,488
Average account balance$11,168
Benefits paid to participants$353,644
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.3M · 561 accts · $2.3M emplr
2023$3.2M · 365 accts · $563K emplr
2022$569K · 88 accts · $476K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,715
Investment management$10,955
Total administrative$47,670
The Adapt of the Hudson Valley, Inc. 401(k) match · 2024
Employer contribution per active participant$3,488
Median for plans this size$1,313
2024$3,488 per active participant
2023$1,073 per active participant
2022$878 per active participant

Adapt of the Hudson Valley, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
BENEFIT PLAN ADMIN SERVICE · Recordkeeping · Custodial$39,845
FOCUSED WEALTH MANAGEMENT · Trustee$7,825

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

Recordkeeper by year2
2024BENEFIT PLAN ADMIN SERVICE
2023BENEFIT PLAN ADMIN SERVICE

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Administrative cost history3
2024$47,670 · 1.01%
2023$18,432 · 0.99%
2022$1,080 · 0.19%
Same employer
Similar plansHealth Care & Social Assistance · New York
Cdx Diagnostics Inc. NY$6.2M · 0.77%

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Source: U.S. Department of Labor, Form 5500 series, EIN 862864372 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.