Plan Ledger DOL Form 5500 · updated monthly

Consortium for Worker Education, Inc.Money purchase plan

CONSORTIUM FOR WORKER EDUCATION, INC. 401(A) DC PL · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Consortium for Worker Education, Inc. reported $1,876 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,772 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 0.00% to 0.01%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 2,643rd-largest of 5,648 plans among New York employers on file, and the 3,918th of 11,911 in health care & social assistance. active participation has grown from 80 to 95 since 2022.

Plan summary
Net assets, end of year$18,316,989
Participants with balances294
Active participants95
Employer contributions$453,371
Employee contributions—
Employer contribution per active participant$4,772
Average account balance$62,303
Benefits paid to participants$1,682,319
Plan auditUnmodified (clean) audit opinion
AuditorWS CPAS P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$18.3M · 294 accts · $453K emplr
2023$17.6M · 296 accts · $472K emplr
2022$15.8M · 292 accts · $390K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,876
Total administrative$1,876
Employer contributions to the Consortium for Worker Education, Inc. plan · 2024
Employer contribution per active participant$4,772
Median for plans this size$2,416
2024$4,772 per active participant
2023$5,424 per active participant
2022$4,874 per active participant

Consortium for Worker Education, Inc.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$1,876 · 0.01%
2023$475 · 0.00%
2022$325 · 0.00%
Similar plansHealth Care & Social Assistance · New York
Sachem Dental Group, LLP NY$18.7M · 0.56%
Orleans Community Health NY$18.4M · 0.28%
Urban Resource Institute NY$18.3M · 0.57%
Hcr NY$18.2M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133564313 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.