Family Service Society of Yonkers401(k)
FSSY HOME CARE - 401(K) PLAN · YONKERS, NY · plan year 2023
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
Family Service Society of Yonkers reported $1,904 in plan administrative expenses for 2023: 0.61% of average plan assets, below the peer median. Employer contributions averaged $1,793 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 1 year on file its reported administrative ratio fell from 1.81% to 0.61%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (5,466th of 5,648), and 11,408th of 11,911 in health care & social assistance. In 2023, the employer put in $15.17 for every $1.00 employees contributed themselves; active participation has shrunk from 170 to 147 since 2022.
Family Service Society of Yonkers's 2023 employer contribution ran above the $522 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 131739956 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.