Plan Ledger DOL Form 5500 · updated monthly

Brownsville Community Development Corporation401(k)

BROWNSVILLE COMMUNITY DEVELOPMENT CORPORATION 401(K) PLAN · BROOKLYN, NY · plan year 2023

Reported admin expense ratio · 2023
0.71%

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

Brownsville Community Development Corporation reported $62,086 in plan administrative expenses for 2023: 0.71% of average plan assets, above the peer median. Employer contributions averaged $2,592 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 has held roughly steady near 0.71%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in New York (3,662nd of 5,648), and 1,695th of 3,341 in other services. In 2023, employees put in $1.34 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,623,100
Participants with balances281
Active participants225
Employer contributions$583,183
Employee contributions$783,124
Employer contribution per active participant$2,592
Average account balance$34,246
Benefits paid to participants$790,583
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$9.6M · 281 accts · $583K emplr
2022$7.9M · 271 accts · $457K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$62,086
Total administrative$62,086
The Brownsville Community Development Corporation 401(k) match · 2023
Employer contribution per active participant$2,592
Median for plans this size$1,308
2023$2,592 per active participant
2022$1,960 per active participant

Brownsville Community Development Corporation's 2023 employer contribution ran above the $1,308 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.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$62,086
UBS FINANCIAL SERVICES INC · Investment advisory (plan)indirect comp

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

Administrative cost history2
2023$62,086 · 0.71%
2022$57,267 · 0.68%
Similar plansOther Services · New York
Field Home-Holy Comforter NY$10.1M · 0.31%
Vp Compliance Holdings, LLC NY$10.0M · 0.03%
American Jewish Committee NY$9.5M · 0.29%
Prospect Park Alliance NY$9.5M · 0.14%
Contec, LLC NY$9.3M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112544630 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.