Plan Ledger DOL Form 5500 · updated monthly

Greater Opportunities403(b)

GREATER OPPORTUNITIES 403(B) PLAN · NORWICH, NY · plan year 2024

Reported admin expense ratio · 2024
0.59%

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

Greater Opportunities reported $25,541 in plan administrative expenses for 2024: 0.59% of average plan assets, above the peer median. Employer contributions averaged $1,096 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 fell from 0.90% to 0.59%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (4,501st of 5,648), and 7,987th of 11,911 in health care & social assistance. In 2024, employees put in $1.66 for every $1.00 the employer contributed; active participation has shrunk from 155 to 130 since 2022.

Plan summary
Net assets, end of year$4,860,700
Participants with balances106
Active participants130
Employer contributions$142,461
Employee contributions$236,797
Employer contribution per active participant$1,096
Average account balance$45,856
Benefits paid to participants$400,398
Plan auditUnmodified (clean) audit opinion
AuditorEFPR GROUP, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$4.9M · 106 accts · $142K emplr
2023$3.7M · 109 accts · $142K emplr
2022$3.1M · 119 accts · $128K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,541
Total administrative$25,541
Employer contributions to the Greater Opportunities plan · 2024
Employer contribution per active participant$1,096
Median for plans this size$1,313
2024$1,096 per active participant
2023$1,043 per active participant
2022$826 per active participant

Greater Opportunities's 2024 employer contribution ran below the $1,313 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 · 20243
RIMKUS, MARCIANO & ASSOCIATES · Recordkeeping$2,800
MILESTONE CONSULTANTS · Investment advisory (plan)$20,338
NATIONWIDE$18,814

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

Recordkeeper by year2
2024RIMKUS, MARCIANO & ASSOCIATES
2023RIMKUS, MARCIANO & ASSOCIATES

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$25,541 · 0.59%
2023$30,994 · 0.90%
2022Not separately reported
Similar plansHealth Care & Social Assistance · New York
Foodlink, Inc. NY$4.9M · 0.84%
Oswego Industries, Inc. NY$4.8M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160909190 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.