Plan Ledger DOL Form 5500 · updated monthly

Board of Directors of Pentegra Defined Contribution Plan401(k)

PENTEGRA DEFINED CONTRIBUTION PLAN FOR FINANCIAL INSTITUTIONS · WHITE PLAINS, NY · plan year 2024

Reported admin expense ratio · 2024
0.78%

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

Board of Directors of Pentegra Defined Contribution Plan reported $17,414,380 in plan administrative expenses for 2024: 0.78% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,181 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 fell from 0.90% to 0.78%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other finance & insurance employers. By assets it is the 65th-largest of 5,648 plans among New York employers on file, and the 86th of 4,798 in finance & insurance. In 2024, employees put in $1.60 for every $1.00 the employer contributed; active participation has grown from 16,522 to 35,585 since 2022.

Plan summary
Net assets, end of year$2,260,280,464
Participants with balances21,969
Active participants35,585
Employer contributions$42,017,268
Employee contributions$67,365,062
Employer contribution per active participant$1,181
Average account balance$102,885
Benefits paid to participants$302,363,924
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.3B · 21,969 accts · $42.0M emplr
2023$2.2B · 23,628 accts · $38.7M emplr
2022$2.1B · 24,418 accts · $45.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,207,272
Audit (IQPA)$34,896
Trustee / custodial$141,492
Total administrative$17,414,380
The Board of Directors of Pentegra Defined Contribution Plan 401(k) match · 2024
Employer contribution per active participant$1,181
Median for plans this size$5,259
2024$1,181 per active participant
2023$1,107 per active participant
2022$2,773 per active participant

Board of Directors of Pentegra Defined Contribution Plan's 2024 employer contribution ran below the $5,259 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 · 20249
PENTEGRA RETIREMENT SERVICES · Contract administrator$8,842,089
RELIANCE TRUST COMPANY · Trustee$49,535
GLOBAL RETIREMENT PARTNERS · Investment advisory (plan)$45,397
CLIFTON LARSON ALLEN · Accounting / audit$29,400
CAMBRIDGE INVESTMENT RESEARCH, INC · Investment advisory (plan)$11,140
CUSO FINANCIAL SERVICES, LP · Investment advisory (plan)$6,342
MCCONNELL VALDES LLC · Legal$1,320
STATE STREET GLOBAL ADVISORS · Custodial · Custodial (securities)indirect comp
CHARLES SCHWAB & CO., INC. · Securities brokerageindirect comp

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

Administrative cost history3
2024$17,414,380 · 0.78%
2023$17,505,240 · 0.81%
2022$21,140,497 · 0.90%
Similar plansFinance & Insurance · New York
Blackrock, Inc. NY$3.4B · 0.01%
Mufg Bank, LTD NY$3.1B · 0.03%
Bnp Paribas NY$2.2B · 0.03%
Moodys Corporation NY$2.1B · 0.04%
Paychex Retirement LLC NY$1.8B · 0.98%

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Source: U.S. Department of Labor, Form 5500 series, EIN 136321489 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.