Plan Ledger DOL Form 5500 · updated monthly

Friedwald Center 401(K) Plan401(k)

FRIEDWALD CENTER 401(K) PLAN · NEW CITY, NY · plan year 2023

Reported admin expense ratio · 2023
0.59%

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

Friedwald Center 401(K) Plan reported $14,812 in plan administrative expenses for 2023: 0.59% of average plan assets, above the peer median. Employer contributions averaged $260 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 rose from 0.45% to 0.59%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (4,960th of 5,648), and 9,431st of 11,911 in health care & social assistance. In 2023, employees put in $6.56 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,768,570
Participants with balances83
Active participants121
Employer contributions$31,435
Employee contributions$206,191
Employer contribution per active participant$260
Average account balance$33,356
Benefits paid to participants$2,797
Plan auditUnmodified (clean) audit opinion
AuditorFASTEN HALBERSTAM LLP
Plan history2
Yearassets · accounts · employer contribution
2023$2.8M · 83 accts · $31K emplr
2022$2.3M · 132 accts
The Friedwald Center 401(K) Plan 401(k) match · 2023
Employer contribution per active participant$260
Median for plans this size$1,308

Friedwald Center 401(K) Plan's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
EQUITABLE · Recordkeeping · Trustee (directed)$11,364

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

Administrative cost history2
2023$14,812 · 0.59%
2022$10,492 · 0.45%
Similar plansHealth Care & Social Assistance · New York
Ali Forney Center NY$2.8M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200482890 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.