Plan Ledger DOL Form 5500 · updated monthly

City Year, Inc.401(k)

CITY YEAR 401(K) SAVINGS PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

City Year, Inc. reported $126,832 in plan administrative expenses for 2024: 0.17% of average plan assets, above the peer median. Employer contributions averaged $2,596 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 0.20% to 0.17%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 486th-largest of 2,726 plans among Massachusetts employers on file, and the 242nd of 3,341 in other services. In 2024, employees put in $2.22 for every $1.00 the employer contributed; active participation has shrunk from 961 to 847 since 2022.

Plan summary
Net assets, end of year$82,121,216
Participants with balances1,148
Active participants847
Employer contributions$2,198,655
Employee contributions$4,878,030
Employer contribution per active participant$2,596
Average account balance$71,534
Benefits paid to participants$8,825,706
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$82.1M · 1,148 accts · $2.2M emplr
2023$71.5M · 1,158 accts · $2.5M emplr
2022$56.4M · 1,165 accts · $2.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$126,832
Total administrative$126,832
The City Year, Inc. 401(k) match · 2024
Employer contribution per active participant$2,596
Median for plans this size$3,635
2024$2,596 per active participant
2023$2,821 per active participant
2022$2,224 per active participant

City Year, Inc.'s 2024 employer contribution ran below the $3,635 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$126,832

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$126,832 · 0.17%
2023$119,390 · 0.19%
2022$124,065 · 0.20%
Same employer
Similar plansOther Services · Massachusetts
Unifirst Corporation MA$554.2M · 0.16%
Ultra Electronics Inc. MA$305.1M · 0.12%
Justice Resource Institute MA$65.1M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222882549 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.