Plan Ledger DOL Form 5500 · updated monthly

Taconic Innovations, Inc.401(k)

403(B) THRIFT PLAN OF TACONIC INNOVATIONS, INC. · WAPPINGERS FALLS, NY · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Taconic Innovations, Inc. reported $527 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $140 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 1 year on file its reported administrative ratio fell from 0.03% to 0.02%. 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 (4,736th of 5,648), and 8,754th of 11,911 in health care & social assistance. In 2024, employees put in $6.02 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,710,180
Participants with balances342
Active participants348
Employer contributions$48,699
Employee contributions$293,392
Employer contribution per active participant$140
Average account balance$10,848
Benefits paid to participants$177,253
Plan auditUnmodified (clean) audit opinion
AuditorDESIRE AND COMPANY CPAS PLLC
Plan history2
Yearassets · accounts · employer contribution
2024$3.7M · 342 accts · $49K emplr
2023$3.1M · 306 accts · $167K emplr
The Taconic Innovations, Inc. 401(k) match · 2024
Employer contribution per active participant$140
Median for plans this size$1,313
2024$140 per active participant
2023$541 per active participant

Taconic Innovations, Inc.'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.

Service providers · 20241
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$4,721

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

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Administrative cost history2
2024$527 · 0.02%
2023$882 · 0.03%
Similar plansHealth Care & Social Assistance · New York
Zhang Medical P.C. NY$3.8M · 0.89%
Fsnr Snf LLC NY$3.7M · 0.86%
Advocates Incorporated NY$3.7M · 1.10%
Continental Home Care NY$3.6M · 4.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223729121 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.