Plan Ledger DOL Form 5500 · updated monthly

Total Benefit Management, Inc.401(k)

TOTAL BENEFIT MANAGEMENT, INC. RETIREMENT SAVINGS PLAN · GLENS FALLS, NY · plan year 2024

Reported admin expense ratio · 2024
0.88%

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

Total Benefit Management, Inc. reported $99,775 in plan administrative expenses for 2024: 0.88% of average plan assets, higher than ~90% of peers. Employer contributions averaged $238 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 rose from 0.69% to 0.88%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (3,326th of 5,648), and 7,397th of 11,654 in professional & technical services. In 2024, employees put in $7.12 for every $1.00 the employer contributed; active participation has shrunk from 653 to 319 since 2022.

Plan summary
Net assets, end of year$11,977,982
Participants with balances109
Active participants319
Employer contributions$75,891
Employee contributions$540,645
Employer contribution per active participant$238
Average account balance$109,890
Benefits paid to participants$647,515
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.0M · 109 accts · $76K emplr
2023$10.7M · 100 accts · $69K emplr
2022$9.8M · 117 accts · $101K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$99,775
Total administrative$99,775
The Total Benefit Management, Inc. 401(k) match · 2024
Employer contribution per active participant$238
Median for plans this size$2,416
2024$238 per active participant
2023$245 per active participant
2022$154 per active participant

Total Benefit Management, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20243
NATIONWIDE · Recordkeeping · Custodial$37,514
MORGAN STANLEY SMITH BARNEY LLC · Investment advisory (participants) · Investment advisory (plan)$61,166
STRATEGIC PENSION SERVICES, LLC · Loan processing · Participant communication$925

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

Recordkeeper by year2
2024Nationwide
2023Nationwide

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Administrative cost history3
2024$99,775 · 0.88%
2023$72,144 · 0.71%
2022$71,877 · 0.69%
Similar plansProfessional & Technical Services · New York
Rpci Oncology, PC NY$12.1M · 0.46%
Fdm Group, Inc. NY$12.1M · 0.49%
Aai Associates, Inc. NY$12.0M · 0.58%
Flexible Business Systems NY$11.8M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141759683 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.