Plan Ledger DOL Form 5500 · updated monthly

Life Bridge Dental, PLLC401(k)

LIFE BRIDGE DENTAL 401(K) PLAN · NEW YORK, NY · plan year 2023

Reported admin expense ratio · 2023
1.35%

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

Life Bridge Dental, PLLC reported $38,244 in plan administrative expenses for 2023: 1.35% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,865 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 1 year on file its reported administrative ratio fell from 1.78% to 1.35%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (4,755th of 5,648), and 8,826th of 11,911 in health care & social assistance. In 2023, employees put in $2.21 for every $1.00 the employer contributed; active participation has grown from 194 to 276 since 2022.

Plan summary
Net assets, end of year$3,607,835
Participants with balances203
Active participants276
Employer contributions$514,745
Employee contributions$1,137,106
Employer contribution per active participant$1,865
Average account balance$17,773
Benefits paid to participants$581,432
Plan auditUnmodified (clean) audit opinion
AuditorLBMC PC
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $343K emplr
2023$3.6M · 203 accts · $515K emplr
2022$2.1M · 164 accts · $450K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$38,185
Investment management$59
Total administrative$38,244
The Life Bridge Dental, PLLC 401(k) match · 2023
Employer contribution per active participant$1,865
Median for plans this size$1,308
2023$1,865 per active participant
2022$2,318 per active participant

Life Bridge Dental, PLLC's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
ADP, INC. · Loan processing · Recordkeeping$38,244

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP
2023ADP

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Administrative cost history3
2024Not separately reported
2023$38,244 · 1.35%
2022$28,193 · 1.78%
Same employer
Similar plansHealth Care & Social Assistance · New York
Advocates Incorporated NY$3.7M · 1.10%
Continental Home Care NY$3.6M · 4.16%
Feist Consulting LLC NY$3.6M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 830981219 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.