Plan Ledger DOL Form 5500 · updated monthly

Consolidated Bus Transit, Inc.ESOP

CONSOLIDATED BUS TRANSIT, INC. ESOP · BROOKLYN, NY · plan year 2023

Reported admin expense ratio · 2023
0.19%

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

Consolidated Bus Transit, Inc. reported $66,501 in plan administrative expenses for 2023: 0.19% of average plan assets, below the peer median. Employer contributions averaged $1,266 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 0.20% to 0.22%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 1,696th-largest of 5,648 plans among New York employers on file, and the 473rd of 2,677 in transportation & warehousing.

Plan summary
Net assets, end of year$37,201,611
Participants with balances1,423
Active participants1,260
Employer contributions$1,595,431
Employee contributions—
Employer contribution per active participant$1,266
Average account balance$26,143
Benefits paid to participants$304,678
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$25.9M · 1,501 accts · $1.7M emplr
2023$37.2M · 1,423 accts · $1.6M emplr
2022$33.3M · 1,506 accts · $1.6M emplr
Employer contributions to the Consolidated Bus Transit, Inc. plan · 2023
Employer contribution per active participant$1,266
Median for plans this size$2,440
2024$1,397 per active participant
2023$1,266 per active participant
2022$1,335 per active participant

Consolidated Bus Transit, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
NEWPORT CAPITAL GROUP, LLC · Investment advisory (plan)$60,330

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$70,449 · 0.22%
2023$66,501 · 0.19%
2022$65,657 · 0.20%
All plans at this employer2
CONSOLIDATED BUS TRANSIT COMPANY 401(K) PLAN401(k)
CONSOLIDATED BUS TRANSIT, INC. ESOPESOP
Similar plansTransportation & Warehousing · New York
Liberty Lines Transit, Inc. NY$42.3M · 0.00%
Alclear, LLC NY$42.2M · 1.06%
Bollore Logistics USA Inc. NY$41.6M · 0.00%
Emo Trans, Inc. NY$41.2M · 0.30%
Wadhams Enterprises, Inc. NY$36.5M · 0.44%
National Cargo Bureau, Inc. NY$34.2M · 0.05%
Transervice Logistics, Inc. NY$33.7M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 113046431 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.