Plan Ledger DOL Form 5500 · updated monthly

Ncn Management LLC401(k)

CHE & AFFILIATES 401(K) PLAN · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Ncn Management LLC reported $80,476 in plan administrative expenses for 2024: 0.57% of average plan assets, higher than ~75% of peers. Employer contributions averaged $749 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 0.45% to 0.57%. 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 among the smaller plans on file in New York (2,948th of 5,648), and the 4,448th of 11,911 in health care & social assistance. In 2024, employees put in $4.83 for every $1.00 the employer contributed; active participation has shrunk from 704 to 414 since 2022.

Plan summary
Net assets, end of year$15,206,993
Participants with balances304
Active participants414
Employer contributions$310,194
Employee contributions$1,497,836
Employer contribution per active participant$749
Average account balance$50,023
Benefits paid to participants$1,378,873
Plan auditUnmodified (clean) audit opinion
AuditorMILLER, COOPER & CO, LTD.
Plan history3
Yearassets · accounts · employer contribution
2024$15.2M · 304 accts · $310K emplr
2023$13.0M · 307 accts · $361K emplr
2022$11.6M · 319 accts · $298K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$80,476
Total administrative$80,476
The Ncn Management LLC 401(k) match · 2024
Employer contribution per active participant$749
Median for plans this size$2,416
2024$749 per active participant
2023$666 per active participant
2022$423 per active participant

Ncn Management LLC'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 · 20242
ASSOCIATED PENSION CONSULTANTS INC · Contract administrator$2,640

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$80,476 · 0.57%
2023$71,706 · 0.58%
2022$54,999 · 0.45%
Same employer
Similar plansHealth Care & Social Assistance · New York
Spear Physical Therapy PLLC NY$15.3M · 0.43%
Acmh, Inc. NY$15.2M · 0.60%
New Hope Community, Inc. NY$15.2M · 0.79%
Food Bank for New York City NY$15.1M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 472971832 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.