Plan Ledger DOL Form 5500 · updated monthly

Interborough Developmental and Consultation Center401(k)

INTERBOROUGH DEVELOPMENTAL AND CONSULTATION CENTER 401(K) PLAN · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Interborough Developmental and Consultation Center reported $83,583 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,981 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 0.38% to 0.48%. 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 2,415th-largest of 5,648 plans among New York employers on file, and the 3,491st of 11,911 in health care & social assistance. In 2024, the employer put in $1.13 for every $1.00 employees contributed themselves; active participation has grown from 362 to 492 since 2022.

Plan summary
Net assets, end of year$21,527,406
Participants with balances515
Active participants492
Employer contributions$1,958,667
Employee contributions$1,733,268
Employer contribution per active participant$3,981
Average account balance$41,801
Benefits paid to participants$508,581
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.5M · 515 accts · $2.0M emplr
2023$13.5M · 436 accts · $1.6M emplr
2022$9.0M · 344 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,575
Investment management$21,004
Total administrative$83,583
The Interborough Developmental and Consultation Center 401(k) match · 2024
Employer contribution per active participant$3,981
Median for plans this size$2,416
2024$3,981 per active participant
2023$3,867 per active participant
2022$3,550 per active participant

Interborough Developmental and Consultation Center'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
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$42,008
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$41,575
PRIME PENSIONS, INC. · Other servicesindirect 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$83,583 · 0.48%
2023$51,122 · 0.45%
2022$28,215 · 0.38%
Same employer
Similar plansHealth Care & Social Assistance · New York
Care Management, Inc NY$21.8M · 0.59%
Ehs Inc NY$21.7M · 0.18%
Pathways Inc NY$21.4M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 237358415 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.