Plan Ledger DOL Form 5500 · updated monthly

Credo Community Center for the Treatment of Addictions Inc401(k)

CREDO COMMUNITY CENTER FOR THE TREATMENT OF ADDICTIONS INC 401K PROFIT SHARING PLAN · WATERTOWN, NY · plan year 2024

Reported admin expense ratio · 2024
0.67%

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

Credo Community Center for the Treatment of Addictions Inc reported $29,665 in plan administrative expenses for 2024: 0.67% of average plan assets, above the peer median. Employer contributions averaged $559 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 fell from 1.65% to 0.67%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (4,293rd of 5,648), and 7,375th of 11,911 in health care & social assistance. In 2024, employees put in $1.94 for every $1.00 the employer contributed; active participation has grown from 151 to 309 since 2022.

Plan summary
Net assets, end of year$5,955,624
Participants with balances189
Active participants309
Employer contributions$172,845
Employee contributions$334,827
Employer contribution per active participant$559
Average account balance$31,511
Benefits paid to participants$451,118
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.0M · 189 accts · $173K emplr
2023$2.9M · 126 accts · $201K emplr
2022$2.7M · 81 accts · $79K emplr
The Credo Community Center for the Treatment of Addictions Inc 401(k) match · 2024
Employer contribution per active participant$559
Median for plans this size$1,313
2024$559 per active participant
2023$1,620 per active participant
2022$525 per active participant

Credo Community Center for the Treatment of Addictions Inc's 2024 employer contribution ran below the $1,313 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
MUTUAL OF AMERICA SEC. CORP LLC · Recordkeeping · Loan processing$6,552
WILSHIRE ASSOCIATES · Named fiduciary$3,485

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$29,665 · 0.67%
2023$26,255 · 0.94%
2022$49,029 · 1.65%
Same employer
Similar plansHealth Care & Social Assistance · New York
Isabella Geriatric Center NY$6.0M · 0.05%
Sigma Link Rehab, LLC NY$6.0M · 1.10%
Job Path, Inc. NY$5.9M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161012469 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.