Plan Ledger DOL Form 5500 · updated monthly

Associated Community Bancorp., Inc.401(k)

ASSOCIATED COMMUNITY BANCORP., INC. PROFIT SHARING /401(K) PLAN · GREENWICH, CT · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Associated Community Bancorp., Inc. reported $5,395 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,677 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 0.07% to 0.05%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Connecticut (699th of 1,106), and 3,772nd of 4,798 in finance & insurance. In 2024, employees put in $5.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,136,630
Participants with balances117
Active participants87
Employer contributions$145,891
Employee contributions$749,973
Employer contribution per active participant$1,677
Average account balance$103,732
Benefits paid to participants$2,055,241
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.1M · 117 accts · $146K emplr
2023$11.7M · 122 accts · $82K emplr
2022$11.4M · 125 accts · $81K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,395
Total administrative$5,395
The Associated Community Bancorp., Inc. 401(k) match · 2024
Employer contribution per active participant$1,677
Median for plans this size$2,416
2024$1,677 per active participant
2023$912 per active participant
2022$901 per active participant

Associated Community Bancorp., Inc.'s 2024 employer contribution ran below the $2,416 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 · 20242
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$4,895
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$500

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$5,395 · 0.05%
2023$6,159 · 0.05%
2022$8,676 · 0.07%
Similar plansFinance & Insurance · Connecticut
Gga Retirement LLC CT$15.6M · 0.42%
The Fusco Corporation CT$14.4M · 0.44%
Rollease Acmeda, Inc. CT$11.8M · 0.19%
Neis, Inc. CT$10.1M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061566088 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.