Plan Ledger DOL Form 5500 · updated monthly

Sigma Link Rehab, LLC401(k)

SLR SERVICE 401(K) PLAN · BROOKLYN, NY · plan year 2023

Reported admin expense ratio · 2023
1.10%

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

Sigma Link Rehab, LLC reported $52,017 in plan administrative expenses for 2023: 1.10% of average plan assets, higher than ~75% of peers. Employer contributions averaged $17 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 0.28% to 1.10%. 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 (4,290th of 5,648), and 7,367th of 11,911 in health care & social assistance. In 2023, employees put in $25.44 for every $1.00 the employer contributed; active participation has grown from 625 to 3,868 since 2021.

Plan summary
Net assets, end of year$5,965,648
Participants with balances312
Active participants3,868
Employer contributions$64,314
Employee contributions$1,636,077
Employer contribution per active participant$17
Average account balance$19,121
Benefits paid to participants$105,457
Plan auditUnmodified (clean) audit opinion
AuditorBLATT & DAUMAN
Plan history3
Yearassets · accounts · employer contribution
2023$6.0M · 312 accts · $64K emplr
2022$3.5M · 208 accts · $10K emplr
2021$1.1M · 72 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$52,017
Total administrative$52,017
The Sigma Link Rehab, LLC 401(k) match · 2023
Employer contribution per active participant$17
Median for plans this size$1,308
2023$17 per active participant
2022$8 per active participant

Sigma Link Rehab, LLC's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
TRANSAMERICA FIN LIFE INS CO · Recordkeeping · Loan processing$49,227
THE BENEFIT ADVANTAGE, INC. · Recordkeeping · Loan processing$2,790

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

Administrative cost history3
2023$52,017 · 1.10%
2022$20,237 · 0.87%
2021$3,159 · 0.28%
Similar plansHealth Care & Social Assistance · New York
Quartet Mso, LLC NY$6.1M · 0.99%
Isabella Geriatric Center NY$6.0M · 0.05%
Job Path, Inc. NY$5.9M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 300565417 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.