Plan Ledger DOL Form 5500 · updated monthly

Fountain House, Inc.403(b)

FOUNTAIN HOUSE 403(B) RETIREMENT PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Fountain House, Inc. reported $77,419 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,238 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 0.70% to 0.52%. 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 among the smaller plans on file in New York (2,833rd of 5,648), and the 4,256th of 11,911 in health care & social assistance. In 2024, the employer put in $1.20 for every $1.00 employees contributed themselves; active participation has grown from 195 to 256 since 2022.

Plan summary
Net assets, end of year$16,245,670
Participants with balances350
Active participants256
Employer contributions$1,084,922
Employee contributions$901,420
Employer contribution per active participant$4,238
Average account balance$46,416
Benefits paid to participants$1,223,213
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.2M · 350 accts · $1.1M emplr
2023$13.7M · 325 accts · $1.1M emplr
2022$10.3M · 261 accts · $924K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,046
Investment management$39,373
Total administrative$77,419
Employer contributions to the Fountain House, Inc. plan · 2024
Employer contribution per active participant$4,238
Median for plans this size$2,416
2024$4,238 per active participant
2023$4,259 per active participant
2022$4,740 per active participant

Fountain House, Inc.'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.

Service providers · 20244
SMITH BROTHERS FINANCIAL LLC · Investment advisory (plan)$28,455
EMPOWER ADVISORY GROUP, LLC · Investment management$10,918
THE ANGELL PENSION GROUP INC · Contract administrator$4,500

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$77,419 · 0.52%
2023$80,013 · 0.67%
2022$65,496 · 0.70%
Same employer
Similar plansHealth Care & Social Assistance · New York
Long Island Fqhc Inc. NY$16.3M · 0.48%
Priority Care Group, LLC NY$16.2M · 1.12%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 131624009 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.