Plan Ledger DOL Form 5500 · updated monthly

Clinicalmind, LLC401(k)

CLINICALMIND, LLC 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Clinicalmind, LLC reported $56,602 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $2,886 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 has held roughly steady near 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 2,611th-largest of 5,648 plans among New York employers on file, and the 1,063rd of 2,199 in information & media. In 2024, employees put in $3.38 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,759,396
Participants with balances270
Active participants223
Employer contributions$643,613
Employee contributions$2,178,231
Employer contribution per active participant$2,886
Average account balance$69,479
Benefits paid to participants$2,282,830
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITHBROWN, P.C.
Plan history2
Yearassets · accounts · employer contribution
2024$18.8M · 270 accts · $644K emplr
2023$12.8M · 212 accts · $475K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,290
Investment management$52,312
Total administrative$56,602
The Clinicalmind, LLC 401(k) match · 2024
Employer contribution per active participant$2,886
Median for plans this size$2,416
2024$2,886 per active participant
2023$2,729 per active participant

Clinicalmind, LLC's 2024 employer contribution ran above the $2,416 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 · 20243
RESOURCES INVESTMENT ADVISORS, INC. · Recordkeeping · Trustee$52,312
ADP, INC. · Recordkeeping$4,290
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, RESOURCES INVESTMENT ADVISORS, INC.
2023ADP, RESOURCES INVESTMENT ADVISORS, INC.

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Administrative cost history2
2024$56,602 · 0.36%
2023$37,001 · 0.35%
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Barstool Sports Inc. NY$20.2M · 0.37%
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Source: U.S. Department of Labor, Form 5500 series, EIN 454679017 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.