Plan Ledger DOL Form 5500 · updated monthly

Bronxworks, Inc.403(b)

BRONXWORKS 403(B) PLAN · BRONX, NY · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Bronxworks, Inc. reported $3,044 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,087 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 0.39% to 0.01%. 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 2,043rd-largest of 5,648 plans among New York employers on file, and the 2,907th of 11,911 in health care & social assistance. In 2024, the employer put in $1.81 for every $1.00 employees contributed themselves; active participation has grown from 976 to 1,193 since 2022.

Plan summary
Net assets, end of year$28,163,641
Participants with balances951
Active participants1,193
Employer contributions$2,490,127
Employee contributions$1,377,804
Employer contribution per active participant$2,087
Average account balance$29,615
Benefits paid to participants$2,108,835
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.2M · 951 accts · $2.5M emplr
2023$22.9M · 911 accts · $2.2M emplr
2022$8.2M · 961 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,044
Total administrative$3,044
Employer contributions to the Bronxworks, Inc. plan · 2024
Employer contribution per active participant$2,087
Median for plans this size$2,416
2024$2,087 per active participant
2023$1,943 per active participant
2022$1,982 per active participant

Bronxworks, 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
LINCOLN NATIONAL CORPORATION · Contract administrator$45,906

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$3,044 · 0.01%
2023$45,534 · 0.29%
2022$29,626 · 0.39%
All plans at this employer2
BRONXWORKS DEFINED CONTRIBUTION PENSION PLANProfit-sharing plan
BRONXWORKS 403(B) PLAN403(b)
Same employer
Similar plansHealth Care & Social Assistance · New York
Cityblock Health, Inc NY$27.5M · 0.46%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 133254484 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.