Plan Ledger DOL Form 5500 · updated monthly

Aim Independent Living Center403(b)

AIM INDEPENDENT LIVING CENTER 403(B) PLAN · CORNING, NY · plan year 2024

Reported admin expense ratio · 2024
1.15%

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

Aim Independent Living Center reported $25,444 in plan administrative expenses for 2024: 1.15% of average plan assets, higher than ~75% of peers. Employer contributions averaged $209 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 1.05% to 1.15%. 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 (4,985th of 5,648), and 9,521st of 11,911 in health care & social assistance. In 2024, employees put in $1.66 for every $1.00 the employer contributed; active participation has grown from 792 to 907 since 2022.

Plan summary
Net assets, end of year$2,658,111
Participants with balances313
Active participants907
Employer contributions$189,729
Employee contributions$314,620
Employer contribution per active participant$209
Average account balance$8,492
Benefits paid to participants$141,764
Plan auditUnmodified (clean) audit opinion
AuditorBRYANS & GRAMUGLIA
Plan history3
Yearassets · accounts · employer contribution
2024$2.7M · 313 accts · $190K emplr
2023$1.8M · 258 accts · $150K emplr
2022$1.2M · 178 accts · $103K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,273
Trustee / custodial$12,171
Total administrative$25,444
Employer contributions to the Aim Independent Living Center plan · 2024
Employer contribution per active participant$209
Median for plans this size$1,313
2024$209 per active participant
2023$183 per active participant
2022$131 per active participant

Aim Independent Living Center's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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 · 20241
CHEMUNG CANAL TRUST COMPANY · Recordkeeping · Pension consulting$25,444

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

Recordkeeper by year2
2024CHEMUNG CANAL TRUST COMPANY
2023CHEMUNG CANAL TRUST COMPANY

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

Administrative cost history3
2024$25,444 · 1.15%
2023$17,118 · 1.16%
2022$11,975 · 1.05%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 161137097 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.