Plan Ledger DOL Form 5500 · updated monthly

Onondaga Employee Leasing Services Inc401(k)

EMPLOYEE RETIREMENT SAVINGS PLAN · EAST SYRACUSE, NY · plan year 2022

Reported admin expense ratio · 2022
0.92%

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

Onondaga Employee Leasing Services Inc reported $225,095 in plan administrative expenses for 2022: 0.92% of average plan assets, higher than ~90% of peers. Employer contributions averaged $783 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 rose from 0.92% to 1.08%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other administrative & support services employers. By assets it is the 2,273rd-largest of 5,648 plans among New York employers on file, and the 534th of 2,534 in administrative & support services. In 2022, employees put in $3.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,603,465
Participants with balances449
Active participants973
Employer contributions$761,637
Employee contributions$2,421,302
Employer contribution per active participant$783
Average account balance$52,569
Benefits paid to participants$1,945,204
Plan auditUnmodified (clean) audit opinion
AuditorDERMODY BURKE & BROWN CPAS LLC
Plan history2
Yearassets · accounts · employer contribution
2023$23.6M · 365 accts · $667K emplr
2022$23.6M · 449 accts · $762K emplr
Administrative expenses, itemized · 2022
Investment management$63,299
Total administrative$225,095
The Onondaga Employee Leasing Services Inc 401(k) match · 2022
Employer contribution per active participant$783
Median for plans this size$2,266
2023$966 per active participant
2022$783 per active participant

Onondaga Employee Leasing Services 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.

Administrative cost history2
2023$255,013 · 1.08%
2022$225,095 · 0.92%
Same employer
Similar plansAdministrative & Support Services · New York
Cathedral Corporation NY$25.5M · 0.50%
Acara Solutions, Inc. NY$24.9M · 0.29%
Aero Operating LLC NY$24.4M · 0.71%
Tandym Group Holdings, LLC NY$23.1M · 0.79%
Dga Security Systems, Inc. NY$22.0M · 0.16%
Dejana Industries, Inc. NY$22.0M · 0.90%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161254312 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.