Plan Ledger DOL Form 5500 · updated monthly

Federation of Organizations for the New York State Mentally Disabled401(k)

EMPLOYEE BENEFIT PLAN OF FEDERATION OF ORGANIZATIONS FOR THE NEW YORK STATE MENTALLY DISABLED, INC. · WEST BABYLON, NY · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Federation of Organizations for the New York State Mentally Disabled reported $11,819 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,252 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 0.063% to 0.058%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 2,407th-largest of 5,648 plans among New York employers on file, and the 3,479th of 11,911 in health care & social assistance. In 2024, employees put in $1.27 for every $1.00 the employer contributed; active participation has shrunk from 713 to 515 since 2022.

Plan summary
Net assets, end of year$21,658,560
Participants with balances527
Active participants515
Employer contributions$644,809
Employee contributions$818,700
Employer contribution per active participant$1,252
Average account balance$41,098
Benefits paid to participants$1,594,829
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.7M · 527 accts · $645K emplr
2023$19.3M · 1,026 accts · $618K emplr
2022$16.4M · 984 accts · $543K emplr
The Federation of Organizations for the New York State Mentally Disabled 401(k) match · 2024
Employer contribution per active participant$1,252
Median for plans this size$2,416
2024$1,252 per active participant
2023$816 per active participant
2022$761 per active participant

Federation of Organizations for the New York State Mentally Disabled's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20241
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$17,106

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

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

Administrative cost history3
2024$11,819 · 0.06%
2023$6,384 · 0.04%
2022$10,890 · 0.06%
Similar plansHealth Care & Social Assistance · New York
Care Management, Inc NY$21.8M · 0.59%
Ehs Inc NY$21.7M · 0.18%
Pathways Inc NY$21.4M · 0.54%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 237237931 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.