Plan Ledger DOL Form 5500 · updated monthly

Greater Bergen Community Action, Inc.403(b)

GREATER BERGEN COMM ACTION INC. TSA PLAN · HACKENSACK, NJ · plan year 2024

Reported admin expense ratio · 2024
1.17%

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

Greater Bergen Community Action, Inc. reported $120,340 in plan administrative expenses for 2024: 1.17% of average plan assets, higher than ~90% of peers. Employer contributions averaged $552 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 1.17%. 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 among the smaller plans on file in New Jersey (1,451st of 2,419), and the 5,416th of 11,911 in health care & social assistance. In 2024, employees put in $2.56 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,041,337
Participants with balances384
Active participants503
Employer contributions$277,751
Employee contributions$710,686
Employer contribution per active participant$552
Average account balance$28,753
Benefits paid to participants$875,011
Plan auditUnmodified (clean) audit opinion
AuditorSAX LLP
Plan history3
Yearassets · accounts · employer contribution
2024$11.0M · 384 accts · $278K emplr
2023$9.6M · 423 accts · $281K emplr
2022$8.2M · 465 accts · $287K emplr
Employer contributions to the Greater Bergen Community Action, Inc. plan · 2024
Employer contribution per active participant$552
Median for plans this size$2,416
2024$552 per active participant
2023$569 per active participant
2022$528 per active participant

Greater Bergen Community Action, 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 · 20244
PRIVATE ADVISOR GROUP LLC · Investment advisory (plan)$48,689
EMPOWER ADVISORY GROUP, LLC · Investment management$7,636
THE ANGELL PENSION GROUP, INC · Contract administrator$7,200

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$120,340 · 1.17%
2023$105,795 · 1.19%
2022$108,833 · 1.18%
Same employer
Similar plansHealth Care & Social Assistance · New Jersey

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Source: U.S. Department of Labor, Form 5500 series, EIN 221818014 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.