Plan Ledger DOL Form 5500 · updated monthly

True North Human Capital, LLC401(k)

TRUE NORTH HUMAN CAPITAL RETIREMENT SAVINGS PLAN · LAKE SUCCESS, NY · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

True North Human Capital, LLC reported $107,336 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $1,643 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 3 years on file its reported administrative ratio rose from 0.39% to 0.44%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 2,122nd-largest of 5,648 plans among New York employers on file, and the 3,040th of 11,911 in health care & social assistance. In 2024, employees put in $1.75 for every $1.00 the employer contributed; active participation has grown from 315 to 638 since 2021.

Plan summary
Net assets, end of year$26,397,774
Participants with balances481
Active participants638
Employer contributions$1,048,328
Employee contributions$1,836,055
Employer contribution per active participant$1,643
Average account balance$54,881
Benefits paid to participants$2,928,665
Plan history4
Yearassets · accounts · employer contribution
2024$26.4M · 481 accts · $1.0M emplr
2023$22.9M · 410 accts · $997K emplr
2022$18.1M · 438 accts · $651K emplr
2021$15.7M · 315 accts · $382K emplr
The True North Human Capital, LLC 401(k) match · 2024
Employer contribution per active participant$1,643
Median for plans this size$2,416
2024$1,643 per active participant
2023$1,970 per active participant
2022$1,487 per active participant
2021$1,212 per active participant

True North Human Capital, LLC's 2024 employer contribution ran below the $2,416 median for plans its size. 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
FMI RETIREMENT SERVICES · Recordkeeping · Loan processing$45,851
TRANSAMERICA FINANCIAL · Recordkeeping · Loan processing$35,788
MESIROW FINANCIAL · Investment advisory (plan)$24,197
OSAIC WEALTH · Insurance broker · Insurance servicesindirect 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
2024FMI RETIREMENT SERVICES, Transamerica
2023FMI RETIREMENT SERVICES, Transamerica

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Administrative cost history4
2024$107,336 · 0.44%
2023$85,220 · 0.42%
2022$69,815 · 0.41%
2021$56,736 · 0.39%
Same employer
Similar plansHealth Care & Social Assistance · New York
Odyssey House, Inc. NY$27.0M · 0.17%
Unity House of Troy, Inc. NY$26.7M · 0.32%
Jewish Senior Life NY$26.2M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 474797475 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.