Plan Ledger DOL Form 5500 · updated monthly

Independent Group Home Living Program, Inc.403(b)

403(B) RETIREMENT PLAN FOR IGHL & CDD · EAST MORICHES, NY · plan year 2024

Reported admin expense ratio · 2024
0.63%

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

Independent Group Home Living Program, Inc. reported $327,209 in plan administrative expenses for 2024: 0.63% of average plan assets, higher than ~90% of peers. Employer contributions averaged $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 2 years on file its reported administrative ratio rose from 0.57% to 0.63%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,247th-largest of 5,648 plans among New York employers on file, and the 1,688th of 11,911 in health care & social assistance. In 2024, employees put in $6.07 for every $1.00 the employer contributed; active participation has grown from 2,316 to 3,448 since 2022.

Plan summary
Net assets, end of year$57,235,921
Participants with balances4,459
Active participants3,448
Employer contributions$1,262,605
Employee contributions$7,665,782
Employer contribution per active participant$366
Average account balance$12,836
Benefits paid to participants$6,538,010
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$57.2M · 4,459 accts · $1.3M emplr
2023$46.3M · 3,436 accts · $934K emplr
2022$37.2M · 2,996 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$327,209
Total administrative$327,209
Employer contributions to the Independent Group Home Living Program, Inc. plan · 2024
Employer contribution per active participant$366
Median for plans this size$3,635
2024$366 per active participant
2023$382 per active participant
2022$464 per active participant

Independent Group Home Living Program, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$381,824
FOCUSED WEALTH MANAGEMENT, INC. · Investment advisory (plan)indirect 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$327,209 · 0.63%
2023$302,511 · 0.72%
2022$217,995 · 0.57%
All plans at this employer2
INDEPENDENT GROUP HOME LIVING PROGRAM, INC. 401(A)Profit-sharing plan
403(B) RETIREMENT PLAN FOR IGHL & CDD403(b)
Same employer
Similar plansHealth Care & Social Assistance · New York
Northwell Health Inc. NY$58.1M · 0.04%
Young Adult Institute, Inc. NY$57.7M · 0.42%
Alice Hyde Medical Center NY$57.4M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112458584 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.