Plan Ledger DOL Form 5500 · updated monthly

Stern Therapy Consultants, LLC401(k)

STERN THERAPY CONSULTANTS, LLC 401(K) PLAN · POMONA, NY · plan year 2024

Reported admin expense ratio · 2024
0.81%

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

Stern Therapy Consultants, LLC reported $21,937 in plan administrative expenses for 2024: 0.81% of average plan assets, above the peer median. Employer contributions averaged $52 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 4 years on file its reported administrative ratio fell from 1.54% to 0.81%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (4,756th of 5,648), and 8,827th of 11,911 in health care & social assistance. In 2024, employees put in $6.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,607,738
Participants with balances203
Active participants2,460
Employer contributions$128,702
Employee contributions$803,974
Employer contribution per active participant$52
Average account balance$17,772
Benefits paid to participants$166,439
Plan auditDisclaimer of opinion
AuditorALAN GOODMAN, CPA PC
Plan history4
Yearassets · accounts · employer contribution
2024$3.6M · 203 accts · $129K emplr
2023$1.8M · 128 accts · $15K emplr
2022$1.4M · 106 accts · $8K emplr
2020$546K · 67 accts · $5K emplr
Administrative expenses, itemized · 2024
Investment management$21,937
Total administrative$21,937
The Stern Therapy Consultants, LLC 401(k) match · 2024
Employer contribution per active participant$52
Median for plans this size$1,313
2024$52 per active participant
2023$8 per active participant
2022$9 per active participant
2020$2 per active participant

Stern Therapy Consultants, LLC's 2024 employer contribution ran below the $1,313 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.

Administrative cost history4
2024$21,937 · 0.81%
2023$9,200 · 0.58%
2022$7,425 · 0.75%
2020$7,030 · 1.54%
Same employer
Similar plansHealth Care & Social Assistance · New York
Advocates Incorporated NY$3.7M · 1.10%
Continental Home Care NY$3.6M · 4.16%
Life Bridge Dental, PLLC NY$3.6M · 1.35%
Feist Consulting LLC NY$3.6M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 463265648 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.