Plan Ledger DOL Form 5500 · updated monthly

Central Hudson Gas & Electric Corporation401(k)

CENTRAL HUDSON GAS & ELECTRIC CORPORATION SAVINGS INCENTIVE PLAN · POUGHKEEPSIE, NY · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Central Hudson Gas & Electric Corporation reported $84,191 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $9,144 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 0.04% to 0.02%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other utilities employers. By assets it is the 241st-largest of 5,648 plans among New York employers on file, and the 69th of 412 in utilities. In 2024, employees put in $1.42 for every $1.00 the employer contributed; active participation has grown from 1,128 to 1,245 since 2022.

Plan summary
Net assets, end of year$448,500,601
Participants with balances1,584
Active participants1,245
Employer contributions$11,384,004
Employee contributions$16,134,121
Employer contribution per active participant$9,144
Average account balance$283,144
Benefits paid to participants$34,747,438
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$448.5M · 1,584 accts · $11.4M emplr
2023$397.6M · 1,538 accts · $10.3M emplr
2022$337.4M · 1,479 accts · $9.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,056
Audit (IQPA)$29,135
Total administrative$84,191
The Central Hudson Gas & Electric Corporation 401(k) match · 2024
Employer contribution per active participant$9,144
Median for plans this size$4,294
2024$9,144 per active participant
2023$8,652 per active participant
2022$8,137 per active participant

Central Hudson Gas & Electric Corporation's 2024 employer contribution ran above the $4,294 median for plans its size, placing it in the top 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
CARON & BLETZER, PLLC · Accounting / audit$29,135
MERCER · Actuarial$27,000
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$24,281

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$84,191 · 0.02%
2023$80,727 · 0.02%
2022$157,645 · 0.04%
All plans at this employer2
CENTRAL HUDSON GAS & ELECTRIC CORPORATION SAVINGS INCENTIVE PLAN401(k)
CENTRAL HUDSON GAS & ELECTRIC CORPORATION SUPPLEMENTAL RETIREMENT PLAN401(k)
Same employer
Similar plansUtilities · New York
Terra-Gen, LLC NY$68.6M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 140555980 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.