Plan Ledger DOL Form 5500 · updated monthly

Passero Associates, Dpc401(k)

PASSERO ASSOCIATES, DPC MUTUAL SAVINGS PLAN · ROCHESTER, NY · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Passero Associates, Dpc reported $43,165 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $3,035 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 0.31% to 0.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 2,570th-largest of 5,648 plans among New York employers on file, and the 5,663rd of 11,654 in professional & technical services. In 2024, employees put in $2.70 for every $1.00 the employer contributed; active participation has grown from 135 to 173 since 2022.

Plan summary
Net assets, end of year$19,437,959
Participants with balances204
Active participants173
Employer contributions$525,044
Employee contributions$1,417,316
Employer contribution per active participant$3,035
Average account balance$95,284
Benefits paid to participants$1,979,659
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.4M · 204 accts · $525K emplr
2023$17.3M · 183 accts · $511K emplr
2022$13.7M · 161 accts · $421K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,165
Investment management$25,000
Total administrative$43,165
The Passero Associates, Dpc 401(k) match · 2024
Employer contribution per active participant$3,035
Median for plans this size$2,416
2024$3,035 per active participant
2023$3,365 per active participant
2022$3,118 per active participant

Passero Associates, Dpc's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
LPL FINANCIAL LLC · Investment advisory (plan)$25,000
FIDELITY INVESTMENTS · Loan processing$18,165

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$43,165 · 0.23%
2023$38,443 · 0.25%
2022$44,486 · 0.31%
Same employer
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Med-Review, Inc. NY$19.7M · 0.73%
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Sharp Decisions, Inc. NY$19.6M · 0.59%
Rokt US Corp NY$19.6M · 0.11%
Fluent, LLC NY$19.4M · 0.25%
Itx Corp. NY$19.4M · 0.25%
Heap, Inc. NY$19.4M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161255176 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.