Plan Ledger DOL Form 5500 · updated monthly

Whitney Center, Inc.401(k)

WHITNEY CENTER, INC. COMPREHENSIVE RETIREMENT PLAN · HAMDEN, CT · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Whitney Center, Inc. reported $47,657 in plan administrative expenses for 2024: 0.56% of average plan assets, above the peer median. Employer contributions averaged $780 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 0.53% to 0.56%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Connecticut (786th of 1,106), and 6,044th of 11,911 in health care & social assistance. In 2024, employees put in $1.87 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,046,384
Participants with balances156
Active participants351
Employer contributions$273,905
Employee contributions$512,744
Employer contribution per active participant$780
Average account balance$57,990
Benefits paid to participants$783,036
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.0M · 156 accts · $274K emplr
2023$8.1M · 153 accts · $246K emplr
2022$6.8M · 120 accts · $202K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,343
Investment management$314
Total administrative$47,657
The Whitney Center, Inc. 401(k) match · 2024
Employer contribution per active participant$780
Median for plans this size$1,313
2024$780 per active participant
2023$727 per active participant
2022$629 per active participant

Whitney Center, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20243
EMPOWER ADVISORY GROUP, LLC · Investment management$314
KESTRA INVESTMENT SERVICES LLCindirect comp

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

Administrative cost history3
2024$47,657 · 0.56%
2023$39,516 · 0.53%
2022$38,463 · 0.53%
Same employer
Similar plansHealth Care & Social Assistance · Connecticut
Horizons Programs, Inc. CT$8.9M · 0.22%
Solinsky Eyecare LLC CT$8.2M · 0.32%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 060924891 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.