Plan Ledger DOL Form 5500 · updated monthly

Hawthorne Foundation, Inc.401(k)

HAWTHORNE FOUNDATION INC. RETIREMENT PLAN & TRUST · HAWTHORNE, NY · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Hawthorne Foundation, Inc. reported $37,176 in plan administrative expenses for 2024: 0.53% of average plan assets, below the peer median. Employer contributions averaged $2,466 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 0.09% to 0.53%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in New York (4,057th of 5,648), and 2,319th of 3,091 in educational services. active participation has grown from 214 to 240 since 2022.

Plan summary
Net assets, end of year$7,165,227
Participants with balances278
Active participants240
Employer contributions$591,739
Employee contributions—
Employer contribution per active participant$2,466
Average account balance$25,774
Benefits paid to participants$1,140,564
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.2M · 278 accts · $592K emplr
2023$6.8M · 258 accts · $337K emplr
2022$5.8M · 275 accts · $286K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,176
Total administrative$37,176
The Hawthorne Foundation, Inc. 401(k) match · 2024
Employer contribution per active participant$2,466
Median for plans this size$1,313
2024$2,466 per active participant
2023$1,518 per active participant
2022$1,336 per active participant

Hawthorne Foundation, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20245
EMPOWER LIFE & ANNUITY INSURANCE · Recordkeeping$1,763
FUTUREPLAN BY ASCENSUS · Contract administrator$250
STADION MONEY MANAGEMENT · Investment advisory (participants)indirect comp
MERRILL LYNCH, PIERCE, FENNER & SMI · Investment advisory (plan)indirect comp
LINCOLN NATIONAL CORPORATION · Contract administratorindirect 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$37,176 · 0.53%
2023$9,157 · 0.15%
2022$5,011 · 0.09%
All plans at this employer2
HAWTHORNE FOUNDATION INC. RETIREMENT PLAN & TRUST401(k)
HAWTHORNE FOUNDATION, INC, 403(B) TDA PLAN403(b)
Same employer
Similar plansEducational Services · New York
Yeshiva of Central Queens NY$7.3M · 0.12%
The Speyer Legacy School NY$7.2M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133447893 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.