Plan Ledger DOL Form 5500 · updated monthly

Charthop, Inc.401(k)

CHARTHOP 401(K) PLAN · PORT WASHINGTON, NY · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Charthop, Inc. reported $22,765 in plan administrative expenses for 2024: 0.61% of average plan assets, above the peer median. Employer contributions averaged $2,070 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 1 year on file its reported administrative ratio rose from 0.50% to 0.61%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (4,720th of 5,648), and 10,252nd of 11,654 in professional & technical services. In 2024, employees put in $5.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,772,978
Participants with balances165
Active participants46
Employer contributions$95,202
Employee contributions$525,507
Employer contribution per active participant$2,070
Average account balance$22,867
Benefits paid to participants$1,044,884
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$3.8M · 165 accts · $95K emplr
2023$3.7M · 117 accts · $203K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,446
Investment management$9,319
Total administrative$22,765
The Charthop, Inc. 401(k) match · 2024
Employer contribution per active participant$2,070
Median for plans this size$1,313
2024$2,070 per active participant
2023$3,444 per active participant

Charthop, 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 · 20242
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$13,446
PENSIONMARK FINANCIAL GROUP, LLC · Investment advisory (plan)$9,319

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history2
2024$22,765 · 0.61%
2023$18,451 · 0.50%
Same employer
Similar plansProfessional & Technical Services · New York
Cerba Research USA, Inc. NY$4.0M · 0.22%
T.S.R., Inc. NY$4.0M · 0.03%
Bpa International, Inc NY$3.8M · 0.52%
Small Girls Pr NY$3.7M · 0.58%
Corner Table Restaurants NY$3.7M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371880111 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.