Plan Ledger DOL Form 5500 · updated monthly

Resource Center for Independent Living, Inc.401(k)

RESOURCE CENTER FOR INDEPENDENT LIVING, INC RETIREMENT PLAN AND TRUST · UTICA, NY · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Resource Center for Independent Living, Inc. reported $23,490 in plan administrative expenses for 2024: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $451 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 0.17% to 0.11%. 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 2,269th-largest of 5,648 plans among New York employers on file, and the 3,284th of 11,911 in health care & social assistance. In 2024, the employer put in $1.02 for every $1.00 employees contributed themselves; active participation has shrunk from 5,222 to 2,499 since 2022.

Plan summary
Net assets, end of year$23,665,015
Participants with balances807
Active participants2,499
Employer contributions$1,127,753
Employee contributions$1,101,988
Employer contribution per active participant$451
Average account balance$29,325
Benefits paid to participants$1,825,073
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.7M · 807 accts · $1.1M emplr
2023$20.4M · 895 accts · $1.1M emplr
2022$17.1M · 1,013 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,490
Total administrative$23,490
The Resource Center for Independent Living, Inc. 401(k) match · 2024
Employer contribution per active participant$451
Median for plans this size$2,416
2024$451 per active participant
2023$484 per active participant
2022$234 per active participant

Resource Center for Independent Living, 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 · 20241
ASCENSUS LLC · Loan processing · Recordkeeping$23,490

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$23,490 · 0.11%
2023$26,042 · 0.14%
2022$31,921 · 0.17%
Same employer
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Ambulnz Holdings, LLC NY$23.8M · 0.51%
Project Renewal, Inc. NY$23.7M · 0.78%
Promesa, Inc. NY$23.6M · 0.22%
Trillium Health, Inc. NY$23.4M · 0.52%
Freedom Care LLC NY$23.4M · 2.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222518284 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.