Plan Ledger DOL Form 5500 · updated monthly

Faculty Student Assoc. of State University College at Fredonia403(b)

FACULTY STUDENT ASSOCIATION OF STATE UNIVERSITY COLLEGE AT FREDONIA, NEW YORK, INC. RETIREMENT PLAN · FREDONIA, NY · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Faculty Student Assoc. of State University College at Fredonia reported $1,323 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,329 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 0.00% to 0.01%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 2,357th-largest of 5,648 plans among New York employers on file, and the 1,520th of 3,091 in educational services. In 2024, the employer put in $2.21 for every $1.00 employees contributed themselves; active participation has shrunk from 93 to 68 since 2022.

Plan summary
Net assets, end of year$22,226,162
Participants with balances152
Active participants68
Employer contributions$430,380
Employee contributions$194,421
Employer contribution per active participant$6,329
Average account balance$146,225
Benefits paid to participants$1,864,637
Plan auditUnmodified (clean) audit opinion
AuditorEFPR GROUP CPAS LLP
Plan history3
Yearassets · accounts · employer contribution
2024$22.2M · 152 accts · $430K emplr
2023$20.9M · 155 accts · $434K emplr
2022$18.9M · 156 accts · $399K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$820
Total administrative$1,323
Employer contributions to the Faculty Student Assoc. of State University College at Fredonia plan · 2024
Employer contribution per active participant$6,329
Median for plans this size$2,416
2024$6,329 per active participant
2023$5,785 per active participant
2022$4,288 per active participant

Faculty Student Assoc. of State University College at Fredonia's 2024 employer contribution ran above the $2,416 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.

Administrative cost history3
2024$1,323 · 0.01%
2023$481 · 0.00%
2022$700 · 0.00%
Similar plansEducational Services · New York
Allendale Columbia School NY$23.7M · 0.03%
The New York Preparatory NY$22.2M · 0.39%
Icahn Charter School 1 NY$21.9M · 0.19%
St. Luke's School NY$21.7M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160728535 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.