Plan Ledger DOL Form 5500 · updated monthly

Allegany Rehabilitation Associates, Inc.401(k)

ALLEGANY REHABILITATION ASSOCIATES, INC. 401(K) · WELLSVILLE, NY · plan year 2024

Reported admin expense ratio · 2024
0.84%

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

Allegany Rehabilitation Associates, Inc. reported $30,533 in plan administrative expenses for 2024: 0.84% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,537 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 0.52% to 0.84%. 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 (4,712th of 5,648), and 8,690th of 11,911 in health care & social assistance. In 2024, the employer put in $1.04 for every $1.00 employees contributed themselves; active participation has grown from 64 to 73 since 2022.

Plan summary
Net assets, end of year$3,799,516
Participants with balances100
Active participants73
Employer contributions$112,185
Employee contributions$108,330
Employer contribution per active participant$1,537
Average account balance$37,995
Benefits paid to participants$466,401
Plan auditUnmodified (clean) audit opinion
AuditorBRYANS & GRAMUGLIA CPA, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$3.8M · 100 accts · $112K emplr
2023$3.5M · 103 accts · $99K emplr
2022$3.0M · 107 accts · $126K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,384
Investment management$20,149
Total administrative$30,533
The Allegany Rehabilitation Associates, Inc. 401(k) match · 2024
Employer contribution per active participant$1,537
Median for plans this size$1,313
2024$1,537 per active participant
2023$1,577 per active participant
2022$1,965 per active participant

Allegany Rehabilitation Associates, Inc.'s 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20247
TOMPKINS TRUST COMPANY · Investment management$18,283
NATIONWIDE · Investment management$7,924
IRON FIDUCIARY · Investment management$1,866
PROACCOUNT · Investment advisory (participants)$1,710
NATIONWIDE LIFE INSURANCE COMPANY · Investment management$373
NATIONWIDE · Investment management$263
NATIONWIDE RETIREMENT PLANS · Investment management$114

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

Administrative cost history3
2024$30,533 · 0.84%
2023$25,358 · 0.77%
2022$17,528 · 0.52%
Similar plansHealth Care & Social Assistance · New York
Zhang Medical P.C. NY$3.8M · 0.89%
Fsnr Snf LLC NY$3.7M · 0.86%
Taconic Innovations, Inc. NY$3.7M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161174531 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.