Plan Ledger DOL Form 5500 · updated monthly

Finger Lakes Area Counseling and Recovery Agency403(b)

FINGER LAKES AREA COUNSELING AND RECOVERY AGENCY 403(B) PLAN · CLIFTON SPRINGS, NY · plan year 2024

Reported admin expense ratio · 2024
0.91%

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

Finger Lakes Area Counseling and Recovery Agency reported $40,627 in plan administrative expenses for 2024: 0.91% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,071 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 0.914%. 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 (4,507th of 5,648), and 8,003rd of 11,911 in health care & social assistance. In 2024, employees put in $1.22 for every $1.00 the employer contributed; active participation has grown from 259 to 285 since 2022.

Plan summary
Net assets, end of year$4,827,142
Participants with balances446
Active participants285
Employer contributions$305,127
Employee contributions$372,775
Employer contribution per active participant$1,071
Average account balance$10,823
Benefits paid to participants$514,399
Plan auditUnmodified (clean) audit opinion
AuditorEFPR GROUP CPAS, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$4.8M · 446 accts · $305K emplr
2023$4.1M · 429 accts · $264K emplr
2022$3.6M · 380 accts · $243K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,525
Trustee / custodial$34,102
Total administrative$40,627
Employer contributions to the Finger Lakes Area Counseling and Recovery Agency plan · 2024
Employer contribution per active participant$1,071
Median for plans this size$1,313
2024$1,071 per active participant
2023$1,003 per active participant
2022$937 per active participant

Finger Lakes Area Counseling and Recovery Agency's 2024 employer contribution ran below the $1,313 median for plans its size. 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 · 20241
CANANDAIGUA NATIONAL BANK AND TRUST · Trustee$40,627

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$40,627 · 0.91%
2023$37,008 · 0.97%
2022$33,982 · 0.91%
Similar plansHealth Care & Social Assistance · New York
Foodlink, Inc. NY$4.9M · 0.84%
Greater Opportunities NY$4.9M · 0.59%
Oswego Industries, Inc. NY$4.8M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161013292 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.