Accesscny, Inc. 401(k) Review & Grade
Accesscny, Inc. Employees' Retirement Plan and Trust
Syracuse, NYOther Services1,220 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$276Employer $ per active participant
$664Employee $ saved per active participant
0.79%Direct admin cost, % of plan assets
$15.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity10.5 / 5021th percentile for employer $ per participant
- Low cost2.6 / 2510th percentile for low admin cost vs. same-size plans
- Employee saving2.6 / 1517th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 21th |
| Lower admin cost | 10th |
| Employee saving | 17th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Accesscny put in about $276 per active participant, below the typical peer ($1,257). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.79% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $337,030 |
| Participant (employee) contributions | $809,477 |
| Other contributions (incl. rollovers in) | $41,345 |
| Administrative expenses paid from the plan | $119,787 |
| Other admin expenses | $17,276 |
| Benefits paid out | $1,582,921 |
| Net assets, start / end of year | $14.7M / $15.8M |
| Active participants, start / end of year | 1,192 / 1,248 |
| Participants with account balances | 455 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bonadio & Co, LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $102,511 reported compensation |
| Cambridge Investment Research | $38,551 reported compensation |
| Actuarial Pension Analysts Inc | $17,276 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250925075437NAL0010192275001, received 2025-09-25, EIN 15-0532247, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.