Plan Ledger DOL Form 5500 · updated monthly

Bank Street College of Education403(b)

BANK STREET COLLEGE OF EDUCATION DEFINED CONTRIBUTION PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Bank Street College of Education reported $231,677 in plan administrative expenses for 2024: 0.14% of average plan assets, above the peer median. Employer contributions averaged $3,044 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 0.06% to 0.14%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 543rd-largest of 5,648 plans among New York employers on file, and the 330th of 3,091 in educational services. In 2024, employees put in $1.51 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$167,962,168
Participants with balances1,288
Active participants572
Employer contributions$1,741,216
Employee contributions$2,634,644
Employer contribution per active participant$3,044
Average account balance$130,405
Benefits paid to participants$13,957,793
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$168.0M · 1,288 accts · $1.7M emplr
2023$159.9M · 1,258 accts · $1.7M emplr
2022$142.7M · 1,222 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$83,732
Investment management$26,703
Audit (IQPA)$111,796
Total administrative$231,677
Employer contributions to the Bank Street College of Education plan · 2024
Employer contribution per active participant$3,044
Median for plans this size$3,635
2024$3,044 per active participant
2023$3,253 per active participant
2022$3,393 per active participant

Bank Street College of Education's 2024 employer contribution ran below the $3,635 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
TIAA · Recordkeeping · Pension consulting$83,732
BDO USA, P.C. · Accounting / audit$111,796
PLANPILOT, LLC · Investment advisory (plan)$26,703
BOUTWELL FAY LLP · Legal$9,446

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

Recordkeeper by year2
2024TIAA
2023TIAA

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$231,677 · 0.14%
2023$115,420 · 0.08%
2022$93,036 · 0.06%
Same employer
Similar plansEducational Services · New York
St. John Fisher University NY$197.7M · 0.04%
Brooklyn Law School NY$191.6M · 0.10%
Niagara Univeristy NY$181.3M · 0.05%
The Juilliard School NY$179.7M · 0.12%
New York Law School NY$164.9M · 0.07%
Nazareth University NY$163.3M · 0.07%
Ithaka Harbors, Inc. NY$161.1M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 135562167 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.