Plan Ledger DOL Form 5500 · updated monthly

Bay Area Youth Services, Inc.403(b)

BAY AREA YOUTH SERVICES, INC. 403(B) PLAN · TAMPA, FL · plan year 2024

Reported admin expense ratio · 2024
1.34%

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

Bay Area Youth Services, Inc. reported $20,165 in plan administrative expenses for 2024: 1.34% of average plan assets, higher than ~90% of peers. Employer contributions averaged $362 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 3 years on file its reported administrative ratio has held roughly steady near 1.34%. 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 Florida (3,189th of 3,644), and 10,332nd of 11,911 in health care & social assistance. In 2024, employees put in $2.61 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,665,314
Participants with balances245
Active participants314
Employer contributions$113,548
Employee contributions$296,553
Employer contribution per active participant$362
Average account balance$6,797
Benefits paid to participants$293,579
Plan auditUnmodified (clean) audit opinion
AuditorRIVERO, GORDIMER & COMPANY, P.A.
Plan history2
Yearassets · accounts · employer contribution
2024$1.7M · 245 accts · $114K emplr
2022$1.1M · 77 accts · $86K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,165
Total administrative$20,165
Employer contributions to the Bay Area Youth Services, Inc. plan · 2024
Employer contribution per active participant$362
Median for plans this size$1,313
2024$362 per active participant
2022$460 per active participant

Bay Area Youth Services, Inc.'s 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$20,164
MMA SECURITIES LLC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)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
2024$20,165 · 1.34%
2022$15,914 · 1.40%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Aging Matters in Brevard FL$1.5M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592184150 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.