Plan Ledger DOL Form 5500 · updated monthly

Economic Opportunity Program, Inc.403(b)

ECONOMIC OPPORTUNITY PROGRAM, INC. 403(B) PLAN · ELMIRA, NY · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

Economic Opportunity Program, Inc. reported $27,741 in plan administrative expenses for 2024: 0.64% of average plan assets, above the peer median. Employer contributions averaged $1,115 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 0.58% to 0.64%. 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 (4,590th of 5,648), and 2,397th of 3,341 in other services. In 2024, the employer put in $1.20 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$4,462,293
Participants with balances147
Active participants117
Employer contributions$130,437
Employee contributions$108,522
Employer contribution per active participant$1,115
Average account balance$30,356
Benefits paid to participants$555,983
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.5M · 147 accts · $130K emplr
2023$4.3M · 185 accts · $137K emplr
2022$3.6M · 180 accts · $128K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,171
Trustee / custodial$25,570
Total administrative$27,741
Employer contributions to the Economic Opportunity Program, Inc. plan · 2024
Employer contribution per active participant$1,115
Median for plans this size$1,313
2024$1,115 per active participant
2023$1,030 per active participant
2022$1,073 per active participant

Economic Opportunity Program, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20242
CHEMUNG CANAL TRUST COMPANY · Contract administrator · Recordkeeping$25,570
EQUITABLE FINANCIAL LIFE INS CO · Investment management · Trustee (directed)$2,171

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

Recordkeeper by year2
2024CHEMUNG CANAL TRUST COMPANY
2023CHEMUNG CANAL TRUST COMPANY

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$27,741 · 0.64%
2023$23,428 · 0.59%
2022$22,615 · 0.58%
Similar plansOther Services · New York
Xwell NY$4.5M · 1.03%
Boyce Technologies, Inc. NY$4.5M · 0.32%
Autel US Inc NY$4.4M · 0.45%
Stel, Inc. NY$3.8M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160906941 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.