Plan Ledger DOL Form 5500 · updated monthly

Friends of the Israel Defense Forces403(b)

FRIENDS OF THE ISRAEL DEFENSE FORCES RETIREMENT PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Friends of the Israel Defense Forces reported $2,690 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,168 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 0.01% to 0.02%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in New York (3,350th of 5,648), and the 1,496th of 3,341 in other services. In 2024, employees put in $1.95 for every $1.00 the employer contributed; active participation has grown from 104 to 141 since 2022.

Plan summary
Net assets, end of year$11,816,263
Participants with balances173
Active participants141
Employer contributions$446,690
Employee contributions$873,171
Employer contribution per active participant$3,168
Average account balance$68,302
Benefits paid to participants$513,251
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.8M · 173 accts · $447K emplr
2023$9.9M · 155 accts · $361K emplr
2022$7.5M · 156 accts · $156K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,690
Total administrative$2,690
Employer contributions to the Friends of the Israel Defense Forces plan · 2024
Employer contribution per active participant$3,168
Median for plans this size$2,416
2024$3,168 per active participant
2023$2,914 per active participant
2022$1,501 per active participant

Friends of the Israel Defense Forces's 2024 employer contribution ran above the $2,416 median for plans its size. 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$2,690
KESTRA INVESTMENT SERVICES LLC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · 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$2,690 · 0.02%
2023$1,361 · 0.02%
2022$1,054 · 0.01%
Similar plansOther Services · New York
Make the Road New York NY$12.1M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133156445 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.