Plan Ledger DOL Form 5500 · updated monthly

Liberty Behavioral Management Group, Inc.401(k) + ESOP (KSOP)

LIBERTY MANAGEMENT NON-UNION EMPLOYEE STOCK OWNERSHIP 401(K)PLAN · GLENVILLE, NY · plan year 2022

Reported admin expense ratio · 2022
0.44%

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

Liberty Behavioral Management Group, Inc. reported $111,908 in plan administrative expenses for 2022: 0.44% of average plan assets, higher than ~75% of peers. Employer contributions averaged $92 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 0.44% to 0.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 2,060th-largest of 5,648 plans among New York employers on file, and the 2,927th of 11,911 in health care & social assistance. In 2022, employees put in $48.68 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$27,836,962
Participants with balances268
Active participants195
Employer contributions$17,867
Employee contributions$869,770
Employer contribution per active participant$92
Average account balance$103,869
Benefits paid to participants$1,935,391
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$26.6M · 236 accts · $33K emplr
2023$13.5M · 285 accts · $234K emplr
2022$27.8M · 268 accts · $18K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$4,240
Investment management$99,041
Total administrative$111,908
The Liberty Behavioral Management Group, Inc. 401(k) match · 2022
Employer contribution per active participant$92
Median for plans this size$2,266
2024$260 per active participant
2023$1,377 per active participant
2022$92 per active participant

Liberty Behavioral Management Group, Inc.'s 2022 employer contribution ran below the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024Empower
2023Empower

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Administrative cost history3
2024$45,754 · 0.23%
2023$106,543 · 0.52%
2022$111,908 · 0.44%
Similar plansHealth Care & Social Assistance · New York
Bronxworks, Inc. NY$28.2M · 0.01%
Cityblock Health, Inc NY$27.5M · 0.46%
Sight Medical Doctors PLLC NY$27.3M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 815260872 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.