Plan Ledger DOL Form 5500 · updated monthly

Atlantic Testing Laboratories, Limited401(k)

ATLANTIC TESTING LABORATORIES, LIMITED 401(K) RETIREMENT SAVINGS PLAN · CANTON, NY · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Atlantic Testing Laboratories, Limited reported $129,498 in plan administrative expenses for 2024: 0.61% of average plan assets, higher than ~75% of peers. Employer contributions averaged $959 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 0.50% to 0.61%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 2,335th-largest of 5,648 plans among New York employers on file, and the 5,119th of 11,654 in professional & technical services. In 2024, employees put in $6.45 for every $1.00 the employer contributed; active participation has grown from 203 to 246 since 2022.

Plan summary
Net assets, end of year$22,554,710
Participants with balances296
Active participants246
Employer contributions$235,887
Employee contributions$1,520,299
Employer contribution per active participant$959
Average account balance$76,198
Benefits paid to participants$1,524,527
Plan auditUnmodified (clean) audit opinion
AuditorLUTZ, SELIG & ZERONDA, CPAS, L.L.P.
Plan history3
Yearassets · accounts · employer contribution
2024$22.6M · 296 accts · $236K emplr
2023$19.6M · 298 accts · $179K emplr
2022$15.1M · 259 accts · $193K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$113,548
Audit (IQPA)$15,950
Total administrative$129,498
The Atlantic Testing Laboratories, Limited 401(k) match · 2024
Employer contribution per active participant$959
Median for plans this size$2,416
2024$959 per active participant
2023$750 per active participant
2022$951 per active participant

Atlantic Testing Laboratories, Limited's 2024 employer contribution ran below the $2,416 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$113,548
LUTZ, SELIG AND ZERONDA · Accounting / audit$15,950
GOOD LIFE ADVISORS, LLC · Investment advisory (plan)indirect comp

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$129,498 · 0.61%
2023$88,084 · 0.51%
2022$84,032 · 0.50%
Same employer
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First Mile Group, Inc. NY$22.9M · 0.47%
Shen Milsom & Wilke LLC NY$22.9M · 0.47%
Gardiner & Theobald Inc. NY$22.7M · 0.28%
Numerix LLC NY$22.5M · 0.31%
Mg Engineering Dpc NY$22.0M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161109111 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.