Plan Ledger DOL Form 5500 · updated monthly

Hebrew Academy Special ChildrenProfit-sharing plan

HEBREW ACADEMY FOR SPECIAL CHILDREN DEFINED CONTRIBUTION RETIREMENT PLAN · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Hebrew Academy Special Children reported $91,647 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $3,425 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 0.39% to 0.45%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 2,446th-largest of 5,648 plans among New York employers on file, and 1,557th of 3,091 in educational services. active participation has grown from 262 to 365 since 2022.

Plan summary
Net assets, end of year$21,206,003
Participants with balances347
Active participants365
Employer contributions$1,250,000
Employee contributions$0
Employer contribution per active participant$3,425
Average account balance$61,112
Benefits paid to participants$1,364,814
Plan auditUnmodified (clean) audit opinion
AuditorSAX LLP
Plan history3
Yearassets · accounts · employer contribution
2024$21.2M · 347 accts · $1.3M emplr
2023$19.3M · 339 accts · $693K emplr
2022$18.7M · 297 accts · $405K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$69,647
Audit (IQPA)$22,000
Total administrative$91,647
Employer contributions to the Hebrew Academy Special Children plan · 2024
Employer contribution per active participant$3,425
Median for plans this size$2,416
2024$3,425 per active participant
2023$1,893 per active participant
2022$1,547 per active participant

Hebrew Academy Special Children'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 · 20243
SAX LLP · Accounting / audit$22,000
PARK AVENUE SECURITIES LLCindirect 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$91,647 · 0.45%
2023$136,770 · 0.72%
2022$73,121 · 0.39%
Similar plansEducational Services · New York
Icahn Charter School 1 NY$21.9M · 0.19%
St. Luke's School NY$21.7M · 0.01%
Gateway School of New York NY$20.3M · 0.03%
Manlius Pebble Hill School NY$19.0M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112107335 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.