Plan Ledger DOL Form 5500 · updated monthly

Boricua College403(b)

TIAA CREF RETIREMENT PLAN FOR ALL EMPLOYEES OF BORICUA COLLEGE · NEW YORK, NY · plan year 2024

Employer contribution per participant · 2024
$264

Boricua College's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $10,604,046 across 267 participant accounts, with employer contributions averaging $264 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in New York (3,534th of 5,648), and 2,069th of 3,091 in educational services. In 2024, employees put in $1.89 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,604,046
Participants with balances267
Active participants288
Employer contributions$76,130
Employee contributions$144,020
Employer contribution per active participant$264
Average account balance$39,716
Benefits paid to participants$619,880
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.6M · 267 accts · $76K emplr
2023$9.9M · 331 accts · $73K emplr
2022$8.9M · 328 accts · $78K emplr
Employer contributions to the Boricua College plan · 2024
Employer contribution per active participant$264
Median for plans this size$2,416
2024$264 per active participant
2023$248 per active participant
2022$272 per active participant

Boricua College's 2024 employer contribution ran below the $2,416 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.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
Similar plansEducational Services · New York
Outward Bound Inc NY$10.9M · 0.00%
West Side Montessori School NY$10.8M · 0.01%
Equality Charter School NY$10.5M · 0.28%
Unbounded Learning, Inc. NY$10.4M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 510175975 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.