Plan Ledger DOL Form 5500 · updated monthly

The Institute of Culinary Education, Inc.401(k)

THE INSTITUTE OF CULINARY EDUCATION 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.60%

The Institute of Culinary Education, Inc. reported $29,519 in plan administrative expenses for 2024: 0.60% of average plan assets, above the peer median. 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 0.24% to 0.60%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in New York (4,503rd of 5,648), and 2,528th of 3,091 in educational services.

Plan summary
Net assets, end of year$4,848,042
Participants with balances219
Active participants214
Employer contributions—
Employee contributions$569,866
Employer contribution per active participant—
Average account balance$22,137
Benefits paid to participants$1,417,260
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$4.8M · 219 accts
2022$4.7M · 86 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,587
Investment management$14,932
Total administrative$29,519
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 · 20246
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$5,128
DUNBAR, BENDER & ZAPF · Recordkeeping · Loan processing$1,562
COMMONWEALTH EQUITY SERVICES · Investment advisory (plan)$10,766
TRAPHAGEN FINANCIAL GROUP · Investment advisory (plan)$4,166
THE PARAGON ALLIANCE GROUP LLC · Contract administratorindirect comp

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

Administrative cost history2
2024$29,519 · 0.60%
2022$12,538 · 0.24%
Same employer
Similar plansEducational Services · New York
Knox School NY$4.8M · 0.00%
Private Prep Nyc LLC NY$4.8M · 0.87%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133847478 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.