Plan Ledger DOL Form 5500 · updated monthly

Housing Works, Inc.403(b)

HOUSING WORKS, INC. 403(B) TDA PLAN · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Housing Works, Inc. reported $25,575 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $1,366 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 5 years on file its reported administrative ratio rose from 0.01% to 0.13%. 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 the 2,458th-largest of 5,648 plans among New York employers on file, and the 3,545th of 11,911 in health care & social assistance. In 2024, employees put in $2.48 for every $1.00 the employer contributed; active participation has grown from 280 to 355 since 2019.

Plan summary
Net assets, end of year$21,055,266
Participants with balances364
Active participants355
Employer contributions$484,917
Employee contributions$1,203,528
Employer contribution per active participant$1,366
Average account balance$57,844
Benefits paid to participants$1,445,145
Plan auditDisclaimer of opinion
Plan history5
Yearassets · accounts · employer contribution
2024$21.1M · 364 accts · $485K emplr
2023$18.9M · 436 accts · $448K emplr
2022$15.5M · 435 accts · $282K emplr
2020$15.4M · 447 accts · $262K emplr
2019$11.9M · 427 accts · $180K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,575
Total administrative$25,575
Employer contributions to the Housing Works, Inc. plan · 2024
Employer contribution per active participant$1,366
Median for plans this size$2,416
2024$1,366 per active participant
2023$1,380 per active participant
2022$935 per active participant
2020$811 per active participant
2019$644 per active participant

Housing Works, Inc.'s 2024 employer contribution ran below 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 · 20241
TIAA · Contract administrator$25,025

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

Administrative cost history5
2024$25,575 · 0.13%
2023$18,190 · 0.11%
2022$12,328 · 0.08%
2020$4,025 · 0.03%
2019$788 · 0.01%
Same employer
Similar plansHealth Care & Social Assistance · New York
Pathways Inc NY$21.4M · 0.54%
East River Medical Imaging NY$21.0M · 0.43%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 133584089 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.