Plan Ledger DOL Form 5500 · updated monthly

Comunilife, Inc.401(k)

COMUNILIFE, INC. RETIREMENT PLAN · NEW YORK, NY · plan year 2023

Reported admin expense ratio · 2023
0.62%

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

Comunilife, Inc. reported $54,258 in plan administrative expenses for 2023: 0.62% of average plan assets, above the peer median. Employer contributions averaged $2,312 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 rose from 0.39% to 0.66%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in New York (3,766th of 5,648), and 1,761st of 3,341 in other services. In 2023, the employer put in $1.62 for every $1.00 employees contributed themselves; active participation has grown from 276 to 329 since 2022.

Plan summary
Net assets, end of year$8,953,109
Participants with balances417
Active participants329
Employer contributions$760,487
Employee contributions$468,051
Employer contribution per active participant$2,312
Average account balance$21,470
Benefits paid to participants$1,782,723
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.0M · 406 accts · $546K emplr
2023$9.0M · 417 accts · $760K emplr
2022$8.6M · 376 accts · $780K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$54,258
Total administrative$54,258
The Comunilife, Inc. 401(k) match · 2023
Employer contribution per active participant$2,312
Median for plans this size$1,308
2024$1,570 per active participant
2023$2,312 per active participant
2022$2,826 per active participant

Comunilife, Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
PRINCIPAL LIFE INS CO · Contract administrator · Loan processing$47,663
ASSOCIATED PENSION CONSULTANTS · Contract administrator · Other services$6,595
MORNINGSTAR INVESTMENT MGMT LLC · Investment advisory (participants)indirect comp
WILSHIRE ASSOCIATES INCORPORATED · Investment advisory (plan)indirect comp

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$59,371 · 0.66%
2023$54,258 · 0.62%
2022$31,518 · 0.39%
Similar plansOther Services · New York
Sealand Contractors Corp. NY$9.1M · 0.31%
Roosevelt Institute NY$9.0M · 0.19%
Save on Sp LLC NY$8.9M · 0.89%
Building Services Local 2 NY$8.6M · 6.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133530299 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.