Plan Ledger DOL Form 5500 · updated monthly

Capital District Beginnings, Inc.401(k)

CAPITAL DISTRICT BEGINNINGS, INC. PROFIT SHARING PLAN · EAST GREENBUSH, NY · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Capital District Beginnings, Inc. reported $42,506 in plan administrative expenses for 2024: 0.45% of average plan assets, below the peer median. Employer contributions averaged $1,372 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 0.50% to 0.45%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in New York (3,628th of 5,648), and 2,122nd of 3,091 in educational services. In 2024, employees put in $2.30 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,876,064
Participants with balances208
Active participants151
Employer contributions$207,140
Employee contributions$475,602
Employer contribution per active participant$1,372
Average account balance$47,481
Benefits paid to participants$1,210,296
Plan auditUnmodified (clean) audit opinion
AuditorWOJESKI & COMPANY CPAS, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$9.9M · 208 accts · $207K emplr
2023$9.2M · 211 accts · $191K emplr
2022$9.2M · 203 accts · $182K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,506
Total administrative$42,506
The Capital District Beginnings, Inc. 401(k) match · 2024
Employer contribution per active participant$1,372
Median for plans this size$1,313
2024$1,372 per active participant
2023$1,222 per active participant
2022$1,167 per active participant

Capital District Beginnings, 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 · 20244
EMPOWER ADVISORY GROUP, LLC · Investment management$1,396
TEAL, BECKER & CHIARAMONTE, CPAS PC · Contract administrator$1,010
EQUITABLE ADVISORS LLCindirect 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$42,506 · 0.45%
2023$40,222 · 0.44%
2022$44,548 · 0.50%
Same employer
Similar plansEducational Services · New York
Unbounded Learning, Inc. NY$10.4M · 0.15%
The Child School NY$9.8M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141653112 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.