Plan Ledger DOL Form 5500 · updated monthly

Bonadent, LLC401(k)

BONADENT, LLC EMPLOYEES' PROFIT SHARING PLAN AND TRUST · SENECA FALLS, NY · plan year 2024

Reported admin expense ratio · 2024
0.69%

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

Bonadent, LLC reported $103,401 in plan administrative expenses for 2024: 0.69% of average plan assets, higher than ~90% of peers. Employer contributions averaged $930 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 0.88% to 0.69%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (2,884th of 5,648), and the 4,348th of 11,911 in health care & social assistance. In 2024, employees put in $2.90 for every $1.00 the employer contributed; active participation has grown from 278 to 312 since 2022.

Plan summary
Net assets, end of year$15,725,977
Participants with balances239
Active participants312
Employer contributions$290,217
Employee contributions$841,215
Employer contribution per active participant$930
Average account balance$65,799
Benefits paid to participants$1,264,472
Plan auditUnmodified (clean) audit opinion
AuditorDEJOY & CO. CPAS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$15.7M · 239 accts · $290K emplr
2023$14.1M · 226 accts · $270K emplr
2022$11.2M · 205 accts · $260K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$88,846
Total administrative$103,401
The Bonadent, LLC 401(k) match · 2024
Employer contribution per active participant$930
Median for plans this size$2,416
2024$930 per active participant
2023$911 per active participant
2022$936 per active participant

Bonadent, LLC'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 · 20241
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$4,392

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$103,401 · 0.69%
2023$110,183 · 0.87%
2022$111,701 · 0.88%
Same employer
Similar plansHealth Care & Social Assistance · New York
Alternatives for Children NY$15.8M · 0.00%
Forestdale, Inc. NY$15.6M · 0.59%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 920960572 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.