Plan Ledger DOL Form 5500 · updated monthly

Franziska Racker Centers, Inc.DC plan

403(B)THRIFT PLAN OF FRANZISKA RACKER CENTERS, INC. · ITHACA, NY · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Franziska Racker Centers, Inc. reported $10,290 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $491 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 0.027% to 0.031%. 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 1,782nd-largest of 5,648 plans among New York employers on file, and the 2,497th of 11,911 in health care & social assistance. In 2024, employees put in $2.69 for every $1.00 the employer contributed; active participation has grown from 894 to 985 since 2022.

Plan summary
Net assets, end of year$34,461,223
Participants with balances1,075
Active participants985
Employer contributions$483,977
Employee contributions$1,300,587
Employer contribution per active participant$491
Average account balance$32,057
Benefits paid to participants$4,074,337
Plan auditDisclaimer of opinion
AuditorSCIARABBA WALKER & C0., LLP
Plan history3
Yearassets · accounts · employer contribution
2024$34.5M · 1,075 accts · $484K emplr
2023$32.9M · 1,021 accts · $499K emplr
2022$29.9M · 926 accts · $548K emplr
Employer contributions to the Franziska Racker Centers, Inc. plan · 2024
Employer contribution per active participant$491
Median for plans this size$2,416
2024$491 per active participant
2023$533 per active participant
2022$613 per active participant

Franziska Racker Centers, Inc.'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 · 20242
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$16,581
TIAA · Claims processing · Recordkeepingindirect comp

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, TIAA
2023Mutual of America, TIAA

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

Administrative cost history3
2024$10,290 · 0.03%
2023$10,587 · 0.03%
2022$8,650 · 0.03%
Same employer
Similar plansHealth Care & Social Assistance · New York
Columbia Memorial Hospital NY$34.4M · 0.57%
All Metro Health Care NY$34.1M · 0.49%
Engel Burman Senior Housing NY$33.9M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 150581887 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.