Plan Ledger DOL Form 5500 · updated monthly

Berkshire Farm Center 403(B) Plan403(b)

403(B) THRIFT PLAN OF BERKSHIRE FARM CENTER & SERVICES FOR YOUTH · CANAAN, NY · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Berkshire Farm Center 403(B) Plan reported $7,435 in plan administrative expenses for 2024: 0.10% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,458 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 0.07% to 0.10%. 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 New York (3,893rd of 5,648), and 6,371st of 11,911 in health care & social assistance. In 2024, employees put in $1.15 for every $1.00 the employer contributed; active participation has grown from 268 to 413 since 2022.

Plan summary
Net assets, end of year$8,185,835
Participants with balances545
Active participants413
Employer contributions$602,090
Employee contributions$694,746
Employer contribution per active participant$1,458
Average account balance$15,020
Benefits paid to participants$1,125,911
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.2M · 545 accts · $602K emplr
2023$7.2M · 678 accts · $600K emplr
2022$5.5M · 612 accts · $416K emplr
Employer contributions to the Berkshire Farm Center 403(B) Plan plan · 2024
Employer contribution per active participant$1,458
Median for plans this size$1,313
2024$1,458 per active participant
2023$1,961 per active participant
2022$1,551 per active participant

Berkshire Farm Center 403(B) Plan's 2024 employer contribution ran above 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 · 20242
MUTUTAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$9,777
MUTUTAL OF AMERICA INVESTMENT CORP · Recordkeeping · Claims processing$7,435

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

Recordkeeper by year2
2024MUTUTAL OF AMERICA INVESTMENT CORP
2023Mutual of America

This plan has changed recordkeepers within these filings. If you left Berkshire Farm Center 403(B) Plan before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$7,435 · 0.10%
2023$7,826 · 0.12%
2022$3,438 · 0.07%
Same employer
Similar plansHealth Care & Social Assistance · New York
X-Treme Care LLC NY$8.3M · 2.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141368125 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.