Plan Ledger DOL Form 5500 · updated monthly

Twin City Ambulance Corporation401(k)

TWIN CITY AMBULANCE UNION 401(K) PLAN · AMHERST, NY · plan year 2023

Reported admin expense ratio · 2023
1.50%

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

Twin City Ambulance Corporation reported $34,165 in plan administrative expenses for 2023: 1.50% of average plan assets, higher than ~90% of peers. Employer contributions averaged $460 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 rose from 1.29% to 1.50%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in New York (5,066th of 5,648), and 2,062nd of 2,677 in transportation & warehousing. In 2023, employees put in $2.68 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,296,474
Participants with balances99
Active participants121
Employer contributions$55,709
Employee contributions$149,130
Employer contribution per active participant$460
Average account balance$23,197
Benefits paid to participants$490,416
Plan auditUnmodified (clean) audit opinion
AuditorCHIAMPOU TRAVIS BESAW & KERSHNER LL
Plan history2
Yearassets · accounts · employer contribution
2023$2.3M · 99 accts · $56K emplr
2022$2.2M · 117 accts · $55K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$11,192
Investment management$12,873
Audit (IQPA)$10,100
Total administrative$34,165
The Twin City Ambulance Corporation 401(k) match · 2023
Employer contribution per active participant$460
Median for plans this size$1,308
2023$460 per active participant
2022$420 per active participant

Twin City Ambulance Corporation's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20235
CHIAMPOU TRAVIS BESAW & KERSHNER LL · Accounting / audit$10,100
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$7,643
LAWLEY RETIREMENT ADVISORS, LLC · Investment advisory (plan)$6,410
ACTUARIAL CONSULTING SERVICES, INC. · Contract administrator · Other services$3,543
MORNINGSTAR INVESTMENT MANAGEMENT · Investment advisory (participants)indirect 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
2023$34,165 · 1.50%
2022$31,700 · 1.29%
Similar plansTransportation & Warehousing · New York
A-Verdi Cos LLC NY$2.7M · 1.54%
Relco Systems, Inc. NY$2.4M · 0.39%
Aramex New York LTD NY$2.0M · 0.74%
Dell Transportation Corp NY$1.9M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160839594 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.