Plan Ledger DOL Form 5500 · updated monthly

Bowery Residents' Committee, Inc.403(b)

403(B) THRIFT PLAN OF BOWERY RESIDENTS COMMITTEE, INC. · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Bowery Residents' Committee, Inc. reported $37,963 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $1,309 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 0.01% to 0.13%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,826th-largest of 5,648 plans among New York employers on file, and the 2,556th of 11,911 in health care & social assistance. In 2024, employees put in $1.60 for every $1.00 the employer contributed; active participation has grown from 289 to 425 since 2022.

Plan summary
Net assets, end of year$33,489,961
Participants with balances1,817
Active participants425
Employer contributions$556,243
Employee contributions$890,310
Employer contribution per active participant$1,309
Average account balance$18,431
Benefits paid to participants$2,183,174
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$33.5M · 1,817 accts · $556K emplr
2023$23.7M · 521 accts · $1.3M emplr
2022$18.1M · 421 accts · $548K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,963
Total administrative$37,963
Employer contributions to the Bowery Residents' Committee, Inc. plan · 2024
Employer contribution per active participant$1,309
Median for plans this size$2,416
2024$1,309 per active participant
2023$2,877 per active participant
2022$1,895 per active participant

Bowery Residents' Committee, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20241

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$37,963 · 0.13%
2023$52,054 · 0.24%
2022$2,086 · 0.01%
All plans at this employer2
403(B) THRIFT PLAN OF BOWERY RESIDENTS COMMITTEE, INC.403(b)
403(B) THRIFT PLAN OF BOWERY RESIDENTS COMMITTEE, INC.403(b)
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Olean Medical Practice PLLC NY$33.7M · 0.40%
Citizen Advocates, Inc. NY$32.7M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 132736659 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.