What are the fees in the Southern Tier Independence Center, Inc. 403(b) plan?

For plan year 2022, Southern Tier Independence Center, Inc. reported $16,281 in plan administrative expenses, or 1.28% of average plan assets — higher than ~90% of peers. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Southern Tier Independence Center, Inc. 401(k)?

The average participant account balance was $18,851 for plan year 2022, based on 56 accounts.

Southern Tier Independence Center, Inc.403(b)

Name: Southern Tier Independence Center, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

SOUTHERN TIER INDEPENDENCE CENTER, INC. 403(B) PLAN · BINGHAMTON, NY · plan year 2022

Reported admin expense ratio · 2022

1.28%

Southern Tier Independence Center, Inc. reported $16,281 in plan administrative expenses for 2022: 1.28% of average plan assets, higher than ~90% of peers. 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in New York (5,330th of 5,648), and 3,060th of 3,341 in other services.

Plan summary
Net assets, end of year$1,055,674
Participants with balances56
Active participants617
Employer contributions—
Employee contributions$61,285
Employer contribution per active participant—
Average account balance$18,851
Benefits paid to participants$245,522
Plan auditUnmodified (clean) audit opinion
AuditorBRYANS & GRAMUGLIA, CPA'S, LLC

Administrative expenses, itemized · 2022

Recordkeeping & contract admin$154

Investment management$15,955

Total administrative$16,281

What these fees cost you

Your balance

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 history1

2022$16,281 · 1.28%

Same employer

Southern Tier Independence Center, Inc.'s health & benefits plan: carriers, premiums & broker pay

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Source: U.S. Department of Labor, Form 5500 series, EIN 161204347 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.