Plan Ledger DOL Form 5500 · updated monthly

Collegetown Bagels, Inc.401(k)

COLLEGETOWN BAGELS, INC 401(K) PLAN · ITHACA, NY · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Collegetown Bagels, Inc. reported $41,497 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $1,253 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 3 years on file its reported administrative ratio has held roughly steady near 0.411%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in New York (3,548th of 5,648), and the 531st of 2,240 in accommodation & food services. In 2024, employees put in $1.92 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,499,847
Participants with balances106
Active participants111
Employer contributions$139,128
Employee contributions$266,665
Employer contribution per active participant$1,253
Average account balance$99,055
Benefits paid to participants$1,540,613
Plan auditUnmodified (clean) audit opinion
AuditorSARDONE, ROBINSON & ASSOCIATES LLP
Plan history3
Yearassets · accounts · employer contribution
2024$10.5M · 106 accts · $139K emplr
2023$9.7M · 106 accts · $135K emplr
2022$7.5M · 126 accts · $125K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,889
Investment management$25,608
Total administrative$41,497
The Collegetown Bagels, Inc. 401(k) match · 2024
Employer contribution per active participant$1,253
Median for plans this size$2,416
2024$1,253 per active participant
2023$1,323 per active participant
2022$1,226 per active participant

Collegetown Bagels, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
ASCENSUS LLC · Loan processing · Recordkeeping$15,889
NORTHWESTERN MUTUAL · Investment advisory (plan)$25,608

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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Administrative cost history3
2024$41,497 · 0.41%
2023$36,441 · 0.42%
2022$40,705 · 0.41%
Similar plansAccommodation & Food Services · New York
Leatherstocking Corporation NY$11.6M · 0.08%
Meyers Rv Superstore NY$11.0M · 0.73%
Ace Hotel Group, LLC NY$10.7M · 0.53%
Eos Hospitality, LLC NY$10.4M · 0.44%
Prime Group Holdings, LLC NY$9.9M · 0.84%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161057527 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.