Plan Ledger DOL Form 5500 · updated monthly

The Center for Discovery, Inc.401(k)

THE CENTER FOR DISCOVERY RETIREMENT PLAN · HARRIS, NY · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

The Center for Discovery, Inc. reported $173,547 in plan administrative expenses for 2024: 0.24% of average plan assets, higher than ~75% of peers. Employer contributions averaged $642 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 0.32% to 0.24%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,027th-largest of 5,648 plans among New York employers on file, and the 1,393rd of 11,911 in health care & social assistance. In 2024, employees put in $3.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$73,308,471
Participants with balances1,698
Active participants1,552
Employer contributions$995,669
Employee contributions$3,240,131
Employer contribution per active participant$642
Average account balance$43,173
Benefits paid to participants$8,721,281
Plan auditUnmodified (clean) audit opinion
AuditorBDO USA , P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$73.3M · 1,698 accts · $996K emplr
2023$68.6M · 1,870 accts · $934K emplr
2022$58.1M · 1,810 accts · $805K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$129,435
Investment management$44,112
Total administrative$173,547
The The Center for Discovery, Inc. 401(k) match · 2024
Employer contribution per active participant$642
Median for plans this size$3,635
2024$642 per active participant
2023$596 per active participant
2022$497 per active participant

The Center for Discovery, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20244
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$129,435
CETERA ADVISOR NETWORKS LLC · Consulting · Insurance services$29,322
LONG ISLAND EMPLOYEE BENEFITS GROUP · Consulting$14,790
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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Administrative cost history3
2024$173,547 · 0.24%
2023$157,808 · 0.25%
2022$207,309 · 0.32%
Same employer
Similar plansHealth Care & Social Assistance · New York
Oswego Health NY$75.2M · 0.39%
General Physician, P.C. NY$69.1M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141395426 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.