Plan Ledger DOL Form 5500 · updated monthly

Golden State Retirement Plan Mep Board of DirectorsProfit-sharing plan

GOLDEN STATE RETIREMENT PLAN MEP BY VASINDAS AROUND THE CLOCK · WHITE PLAINS, NY · plan year 2022

Reported admin expense ratio · 2022
1.01%

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

Golden State Retirement Plan Mep Board of Directors reported $48,380 in plan administrative expenses for 2022: 1.01% of average plan assets, higher than ~75% of peers. Employer contributions averaged $684 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 has held roughly steady near 1.05%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (4,564th of 5,648), and 8,175th of 11,911 in health care & social assistance. In 2022, employees put in $8.42 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,573,886
Participants with balances106
Active participants98
Employer contributions$67,019
Employee contributions$564,591
Employer contribution per active participant$684
Average account balance$43,150
Benefits paid to participants$455,691
Plan auditUnmodified (clean) audit opinion
AuditorMAYER HOFFMAN MCCANN PC
Plan history2
Yearassets · accounts · employer contribution
2023$4.5M · 107 accts · $49K emplr
2022$4.6M · 106 accts · $67K emplr
Administrative expenses, itemized · 2022
Professional / advisory$47,365
Total administrative$48,380
Employer contributions to the Golden State Retirement Plan Mep Board of Directors plan · 2022
Employer contribution per active participant$684
Median for plans this size$1,114
2023$437 per active participant
2022$684 per active participant

Golden State Retirement Plan Mep Board of Directors's 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$47,596 · 1.05%
2022$48,380 · 1.01%
Similar plansHealth Care & Social Assistance · New York
Farnham, Inc. NY$4.6M · 1.03%
United Hospice, Inc. NY$4.6M · 0.29%
Accord Corporation NY$4.6M · 0.32%
Alliance Homecare, Inc. NY$4.5M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 820939777 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.