Plan Ledger DOL Form 5500 · updated monthly

Kelberman Center, Inc.403(b)

KELBERMAN CENTER, INC. 403(B) PLAN · UTICA, NY · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Kelberman Center, Inc. reported $28,455 in plan administrative expenses for 2024: 0.52% of average plan assets, below the peer median. Employer contributions averaged $712 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 0.34% to 0.52%. 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 (4,304th of 5,648), and 7,406th of 11,911 in health care & social assistance. In 2024, employees put in $1.64 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,910,392
Participants with balances132
Active participants319
Employer contributions$227,015
Employee contributions$371,742
Employer contribution per active participant$712
Average account balance$44,776
Benefits paid to participants$581,298
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.9M · 132 accts · $227K emplr
2023$5.1M · 115 accts · $180K emplr
2022$4.2M · 80 accts · $183K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,455
Total administrative$28,455
Employer contributions to the Kelberman Center, Inc. plan · 2024
Employer contribution per active participant$712
Median for plans this size$1,313
2024$712 per active participant
2023$512 per active participant
2022$603 per active participant

Kelberman Center, Inc.'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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$27,605
OSAIC WEALTH, INC. · 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$28,455 · 0.52%
2023$23,844 · 0.51%
2022$14,235 · 0.34%
Similar plansHealth Care & Social Assistance · New York
Job Path, Inc. NY$5.9M · 0.33%
Calibrate Health Inc NY$5.9M · 0.24%
Kennedy Pavilion Rh LLC NY$5.8M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 550901293 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.