Plan Ledger DOL Form 5500 · updated monthly

Citadel Consulting Group, LLC401(k)

CITADEL CARE CENTERS 401(K) PLAN · BROOKLYN, NY · plan year 2020

Reported admin expense ratio · 2020
0.40%

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

Citadel Consulting Group, LLC reported $10,622 in plan administrative expenses for 2020: 0.40% of average plan assets, above the peer median. Employer contributions averaged $18 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 5 years on file its reported administrative ratio rose from 0.36% to 0.66%. The plan sits in the $1M–$10M size bracket, benchmarked here against 294 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (4,971st of 5,648), and 9,462nd of 11,911 in health care & social assistance. In 2020, employees put in $7.90 for every $1.00 the employer contributed; active participation has grown from 1,283 to 3,079 since 2019.

Plan summary
Net assets, end of year$2,732,292
Participants with balances359
Active participants3,079
Employer contributions$56,519
Employee contributions$446,754
Employer contribution per active participant$18
Average account balance$7,611
Benefits paid to participants$630,180
Plan auditDisclaimer of opinion
AuditorFASTEN HALBERSTAM LLP
Plan history5
Yearassets · accounts · employer contribution
2024$2.3M · 947 accts · $183K emplr
2023$2.3M · 266 accts · $127K emplr
2022$2.3M · 250 accts
2020$2.7M · 359 accts · $57K emplr
2019$2.6M · 284 accts · $21K emplr
Administrative expenses, itemized · 2020
Recordkeeping & contract admin$10,622
Total administrative$10,622
The Citadel Consulting Group, LLC 401(k) match · 2020
Employer contribution per active participant$18
Median for plans this size$893
2024$135 per active participant
2023$89 per active participant
2020$18 per active participant
2019$17 per active participant

Citadel Consulting Group, LLC's 2020 employer contribution ran below the $893 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 2020 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024Nationwide
2023Nationwide

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Administrative cost history5
2024$15,415 · 0.66%
2023$21,743 · 0.94%
2022$24,715 · 0.85%
2020$10,622 · 0.40%
2019$8,149 · 0.36%
All plans at this employer2
CITADEL CARE CENTERS 401(K) PLAN401(k)
PLAZA UNION 401(K) PLAN401(k)
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 811619316 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.