Plan Ledger DOL Form 5500 · updated monthly

Alliance for Empowerment, Inc.401(k)

ALLIANCE FOR EMPOWERMENT, INC. 401(K) PLAN · ELMIRA, NY · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Alliance for Empowerment, Inc. reported $18,266 in plan administrative expenses for 2024: 0.19% of average plan assets, lower than ~75% of peers. Employer contributions averaged $498 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 1 year on file its reported administrative ratio rose from 0.16% to 0.19%. 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 (3,565th of 5,648), and the 5,609th of 11,911 in health care & social assistance. In 2024, employees put in $2.47 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,340,043
Participants with balances152
Active participants261
Employer contributions$129,878
Employee contributions$320,400
Employer contribution per active participant$498
Average account balance$68,027
Benefits paid to participants$528,225
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$10.3M · 152 accts · $130K emplr
2023$8.9M · 187 accts · $151K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,919
Trustee / custodial$15,347
Total administrative$18,266
The Alliance for Empowerment, Inc. 401(k) match · 2024
Employer contribution per active participant$498
Median for plans this size$1,313
2024$498 per active participant
2023$693 per active participant

Alliance for Empowerment, Inc.'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 · Contract administrator · Recordkeeping$18,266

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 history2
2024$18,266 · 0.19%
2023$12,717 · 0.16%
Similar plansHealth Care & Social Assistance · New York
Cobb B. LLC NY$10.5M · 0.03%
Jones Memorial Hospital NY$10.5M · 0.53%
Hamister Group, LLC NY$10.4M · 0.39%
P.E.A.C.E., Inc. NY$10.3M · 0.10%
Bellhaven Managemen LLC dba NY$10.2M · 0.17%
Lalor Dental, LLC NY$10.2M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 882405193 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.