Plan Ledger DOL Form 5500 · updated monthly

Fred S. Keller School401(k)

FRED S. KELLER SCHOOL 401K PLAN · YONKERS, NY · plan year 2024

Reported admin expense ratio · 2024
0.59%

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

Fred S. Keller School reported $91,466 in plan administrative expenses for 2024: 0.59% of average plan assets, higher than ~75% of peers. Employer contributions averaged $6,154 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 3 years on file its reported administrative ratio has held roughly steady near 0.593%. 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 2,797th-largest of 5,648 plans among New York employers on file, and 1,740th of 3,091 in educational services. In 2024, the employer put in $1.52 for every $1.00 employees contributed themselves; active participation has grown from 132 to 149 since 2022.

Plan summary
Net assets, end of year$16,539,826
Participants with balances202
Active participants149
Employer contributions$916,895
Employee contributions$603,400
Employer contribution per active participant$6,154
Average account balance$81,880
Benefits paid to participants$778,578
Plan auditUnmodified (clean) audit opinion
AuditorCULLEN & DANOWSKI, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$16.5M · 202 accts · $917K emplr
2023$14.3M · 192 accts · $1.2M emplr
2022$11.7M · 157 accts · $810K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$91,466
Total administrative$91,466
The Fred S. Keller School 401(k) match · 2024
Employer contribution per active participant$6,154
Median for plans this size$2,416
2024$6,154 per active participant
2023$7,956 per active participant
2022$6,136 per active participant

Fred S. Keller School'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 · 20245
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$91,466
PARK AVENUE SECURITIES · Other servicesindirect comp
NORTHEAST PROFESSIONAL PLANNING GRO · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ASSOCIATES INCORPORATED · Investment advisory (plan)indirect comp

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$91,466 · 0.59%
2023$75,582 · 0.58%
2022$64,104 · 0.59%
Same employer
Similar plansEducational Services · New York
Village Community School NY$17.5M · 0.13%
Cicatelli Associates Inc. NY$17.0M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133363868 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.