Plan Ledger DOL Form 5500 · updated monthly

Liberty Management Services, Inc.401(k)

LIBERTY RESOURCES RETIREMENT PLAN · EAST SYRACUSE, NY · plan year 2024

Reported admin expense ratio · 2024
1.28%

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

Liberty Management Services, Inc. reported $247,540 in plan administrative expenses for 2024: 1.28% of average plan assets, higher than ~90% of peers. Employer contributions averaged $220 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 1.39% to 1.28%. 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 2,465th-largest of 5,648 plans among New York employers on file, and the 3,558th of 11,911 in health care & social assistance. In 2024, employees put in $7.83 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,993,523
Participants with balances970
Active participants1,405
Employer contributions$309,625
Employee contributions$2,424,936
Employer contribution per active participant$220
Average account balance$21,643
Benefits paid to participants$2,133,179
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.0M · 970 accts · $310K emplr
2023$17.7M · 933 accts · $319K emplr
2022$14.1M · 895 accts · $231K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$247,540
Total administrative$247,540
The Liberty Management Services, Inc. 401(k) match · 2024
Employer contribution per active participant$220
Median for plans this size$2,416
2024$220 per active participant
2023$244 per active participant
2022$177 per active participant

Liberty Management Services, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$247,540
MML INVESTORS SERVICES LLC · Other servicesindirect comp
MML INSURANCE AGENCY LLC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · 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$247,540 · 1.28%
2023$215,422 · 1.35%
2022$205,353 · 1.39%
Same employer
Similar plansHealth Care & Social Assistance · New York
Housing Works, Inc. NY$21.1M · 0.13%
East River Medical Imaging NY$21.0M · 0.43%
Kbi Services, Inc. NY$20.7M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 412262515 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.