Plan Ledger DOL Form 5500 · updated monthly

Betances Health CenterDC plan

403(B) THRIFT PLAN OF BETANCES HEALTH CENTER · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Betances Health Center reported $1,890 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,346 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 0.034%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in New York (4,176th of 5,648), and 2,084th of 3,341 in other services. In 2024, the employer put in $1.32 for every $1.00 employees contributed themselves; active participation has grown from 115 to 157 since 2022.

Plan summary
Net assets, end of year$6,480,411
Participants with balances176
Active participants157
Employer contributions$682,389
Employee contributions$516,371
Employer contribution per active participant$4,346
Average account balance$36,821
Benefits paid to participants$115,151
Plan auditUnmodified (clean) audit opinion
AuditorTMI CPA PC
Plan history3
Yearassets · accounts · employer contribution
2024$6.5M · 176 accts · $682K emplr
2023$4.6M · 156 accts · $460K emplr
2022$3.3M · 137 accts · $367K emplr
Employer contributions to the Betances Health Center plan · 2024
Employer contribution per active participant$4,346
Median for plans this size$1,313
2024$4,346 per active participant
2023$3,331 per active participant
2022$3,192 per active participant

Betances Health Center's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20241
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$2,477

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

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

Administrative cost history3
2024$1,890 · 0.03%
2023$1,170 · 0.03%
2022$1,075 · 0.03%
Similar plansOther Services · New York
605, LLC NY$6.5M · 0.53%
Imia Holdings, Inc. NY$6.5M · 1.04%
Greenwich House, Inc. NY$6.5M · 0.12%
Race Forward NY$6.4M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 132697725 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.