Plan Ledger DOL Form 5500 · updated monthly

Kennedy Children's Center Inc.403(b)

KENNEDY CHILDREN'S CENTER RETIREMENT PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Kennedy Children's Center Inc. reported $10,161 in plan administrative expenses for 2024: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,461 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 3 years on file its reported administrative ratio has held roughly steady near 0.108%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (3,564th of 5,648), and the 5,603rd of 11,911 in health care & social assistance. In 2024, employees put in $1.28 for every $1.00 the employer contributed; active participation has grown from 268 to 308 since 2022.

Plan summary
Net assets, end of year$10,352,210
Participants with balances494
Active participants308
Employer contributions$449,928
Employee contributions$576,468
Employer contribution per active participant$1,461
Average account balance$20,956
Benefits paid to participants$376,032
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.4M · 494 accts · $450K emplr
2023$8.5M · 444 accts · $1.3M emplr
2022$6.1M · 373 accts · $531K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,161
Total administrative$10,161
Employer contributions to the Kennedy Children's Center Inc. plan · 2024
Employer contribution per active participant$1,461
Median for plans this size$1,313
2024$1,461 per active participant
2023$3,673 per active participant
2022$1,982 per active participant

Kennedy Children's Center Inc.'s 2024 employer contribution ran above the $1,313 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 · Investment advisory (plan) · Contract administrator$10,161

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$10,161 · 0.11%
2023$7,300 · 0.10%
2022$5,886 · 0.11%
Same employer
Similar plansHealth Care & Social Assistance · New York
Cobb B. LLC NY$10.5M · 0.03%
Jones Memorial Hospital NY$10.5M · 0.53%
Hamister Group, LLC NY$10.4M · 0.39%
P.E.A.C.E., Inc. NY$10.3M · 0.10%
Bellhaven Managemen LLC dba NY$10.2M · 0.17%
Lalor Dental, LLC NY$10.2M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 135671639 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.