Board of Trustees of Local 553 Deferred Compensation FundMoney purchase plan
LOCAL 553 DEFERRED COMPENSATION FUND · NEW YORK, NY · plan year 2022
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Board of Trustees of Local 553 Deferred Compensation Fund reported $423,545 in plan administrative expenses for 2022: 0.86% of average plan assets, higher than ~90% of peers. Employer contributions averaged $7,049 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 0.86% to 0.95%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other retail trade employers. By assets it is the 1,456th-largest of 5,648 plans among New York employers on file, and the 700th of 5,215 in retail trade.
Board of Trustees of Local 553 Deferred Compensation Fund's 2022 employer contribution ran above the $2,266 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 132977211 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.