New York › Health care and social assistance › 100 to 249 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
Cafl Employee Stock Ownership Plan
Sponsored by Therapeutic Management Services, Inc., Victor, NY
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Therapeutic Management Services, Inc. of Victor, New York sponsors Cafl Employee Stock Ownership Plan, an employee stock ownership plan. Its Form 5500 for the plan year ending 30 Jun 2025 shows 179 participants (109 active) and $5.2M in net assets.
Net assets came to $28,782 per participant, well below the $60,185 median for defined contribution plans with 100 to 249 participants and below the $30,764 median for defined contribution plans in health care and social assistance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $464K during the year, or $4,258 per active participant against a same-size median of $2,447; participants contributed —. Benefits paid out totalled $180K.
Schedule C lists 2 service provider organisations paid $5,000 or more, with reported compensation of $21K: $117 per participant, well below the same-size median of $194. Administrative expenses charged to the plan were $0. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from −$2.8M in 2014 to $5.2M in 2024 (), and participants from 148 to 179 (up 21%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $28,782 | $60,185 | $30,764 | $53,102 |
| Employer contributions per active participant | $4,258 | $2,447 | $1,536 | $2,175 |
| Schedule C compensation per participant | $117 | $194 | $93.85 | $123 |
| Schedule C compensation, share of net assets | 0.41% | 0.32% | 0.31% | 0.26% |
| Administrative expenses per participant | — | $176 | $86.53 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 100 to 249 participants (21,996 plans), health care and social assistance (9,402) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 179 | $5.2M | $28,782 | $464K | — | $21K |
| 2023 | 162 | $4.7M | $29,000 | $296K | — | $0 |
| 2022 | 152 | $2.3M | $15,224 | $295K | — | $0 |
| 2021 | 142 | $6.3M | $44,352 | $0 | $319K | $31K |
| 2020 | 148 | $1.4M | $9,412 | $291K | — | $0 |
| 2019 | 153 | −$2.4M | −$15,621 | $289K | — | $0 |
| 2018 | 159 | −$2.5M | −$15,711 | $293K | — | $0 |
| 2017 | 203 | −$3.1M | −$15,158 | $284K | — | $0 |
| 2016 | 179 | −$3.0M | −$16,782 | $284K | — | $0 |
| 2015 | 159 | −$2.7M | −$17,239 | $284K | — | $0 |
| 2014 | 148 | −$2.8M | −$18,926 | $284K | — | $0 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$4,697,892
- Employer contributions$464,072
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$464,072
- Total income, including investment results$708,073
- Benefits paid$180,198
- Administrative expenses$0
- Total expenses$254,070
- Net income$454,003
- Net transfers$0
- Net assets, end of year$5,151,895
Participants
- Active participants109
- Retired or separated, receiving benefits9
- Retired or separated, entitled to future benefits61
- Participants with account balances174
- Total participants, end of year179
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Pendo Advisors LLC | Valuation (appraisals, etc.) | $15,500 | $0 |
| Principal | Recordkeeping and information management | $5,500 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Employer securities$7.4M · 100.0%
- Cash (interest and non-interest bearing)$3,095 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmBonadio & Co. LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2PLeveraged ESOP2QThe employer maintaining this ESOP is an S corporation3IPlan requiring that all or part of employer contributions be invested and held in employer securities
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 621340: Offices of Physical, Occupational & Speech Therapists, & Audiologists.
Other plans of Therapeutic Management Services, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Clinical Associates of the Finger Lakes 401(k) Plan | 149 | $7.9M |
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Central New York Cardiology, P.C. 401(k) Savings Plan | Central New York Cardiology, P.C. | 181 | $26.6M | $147,146 |
| CDX Diagnostics Inc. 401(k) Plan | CDX Diagnostics Inc. | 179 | $6.2M | $34,425 |
| Recap 401(k) Retirement Plan | Regional Economic Community Action Program, Inc. | 181 | $2.0M | $10,839 |
| 403(b) Thrift Plan of Lenox Hill Neighborhood House | Lenox Hill Neighborhood House | 178 | $10.9M | $61,063 |
| 401(a) Thrift Plan of Kips Bay Boys & Girls Club, Inc. | Kips Bay Boys and Girls Club, Inc. | 183 | $6.3M | $34,389 |
| Via 401(k) Plan | Via Visually Impaired Advancement | 178 | $4.2M | $23,364 |
Defined contribution plans in health care and social assistance closest in size.
Questions and answers
How big is Cafl Employee Stock Ownership Plan?
179 participants at the end of the plan year ending 30 Jun 2025, of whom 109 were active employees, with net assets of $5,151,895. Among defined contribution plans that places it in the 100 to 249 participants band, which held 21,996 plans in plan year 2024.
What does Therapeutic Management Services, Inc. contribute per participant?
The filing reports $464,072 in employer contributions for the year, which is $4,258 per active participant; the median for plans of the same type and size was $2,447 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $21,000 in compensation to service provider organisations, $117 per participant or 0.41% of net assets. The same-size median among plans reporting any Schedule C compensation was $194 per participant. Administrative expenses on Schedule H were $0. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Therapeutic Management Services, Inc.. Recordkeeping or administration: Principal. The financial statements were audited by Bonadio & Co. LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jul 2024 to 30 Jun 2025, received by the Department of Labor on 14 Apr 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 46-5705688, plan 001, received 14 Apr 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.