Plan Ledger DOL Form 5500 · updated monthly

Christian Herald Association, Inc.403(b)

THE CHRISTIAN HERALD ASSOCIATION, INC. TAX DEFERRED ANNUITY PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Christian Herald Association, Inc. reported $42,074 in plan administrative expenses for 2024: 0.57% of average plan assets, above the peer median. Employer contributions averaged $2,408 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 3 years on file its reported administrative ratio has held roughly steady near 0.571%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in New York (3,927th of 5,648), and 1,884th of 3,341 in other services. In 2024, employees put in $1.21 for every $1.00 the employer contributed; active participation has shrunk from 151 to 125 since 2022.

Plan summary
Net assets, end of year$7,891,681
Participants with balances198
Active participants125
Employer contributions$301,012
Employee contributions$365,365
Employer contribution per active participant$2,408
Average account balance$39,857
Benefits paid to participants$641,826
Plan auditDisclaimer of opinion
AuditorCAPIN CROUSE LLC
Plan history3
Yearassets · accounts · employer contribution
2024$7.9M · 198 accts · $301K emplr
2023$6.8M · 192 accts · $316K emplr
2022$6.0M · 193 accts · $307K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,074
Total administrative$42,074
Employer contributions to the Christian Herald Association, Inc. plan · 2024
Employer contribution per active participant$2,408
Median for plans this size$1,313
2024$2,408 per active participant
2023$2,471 per active participant
2022$2,033 per active participant

Christian Herald Association, Inc.'s 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$42,074
GLOBAL RETIREMENT PARTNERS LLC · 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 history3
2024$42,074 · 0.57%
2023$37,514 · 0.59%
2022$36,704 · 0.57%
Similar plansOther Services · New York
Tropic NY$8.2M · 0.13%
Simulmedia Inc NY$8.1M · 0.05%
National Urban League NY$7.9M · 0.38%
Crystal Run Village, Inc. NY$7.7M · 0.70%

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Source: U.S. Department of Labor, Form 5500 series, EIN 131617086 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.