Plan Ledger DOL Form 5500 · updated monthly

Lesbian and Gay Community Services Center, Inc.401(k)

LESBIAN AND GAY COMMUNITY SERVICES CENTER, INC. PROFIT SHARING PLAN AND TRUST · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.69%

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

Lesbian and Gay Community Services Center, Inc. reported $40,302 in plan administrative expenses for 2024: 0.69% of average plan assets, above the peer median. Employer contributions averaged $2,327 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 0.69%. 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 (4,225th of 5,648), and 7,211th of 11,911 in health care & social assistance. In 2024, employees put in $1.94 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,282,548
Participants with balances154
Active participants98
Employer contributions$228,064
Employee contributions$441,748
Employer contribution per active participant$2,327
Average account balance$40,796
Benefits paid to participants$425,443
Plan auditUnmodified (clean) audit opinion
AuditorWITHUM SMITH AND BROWN
Plan history3
Yearassets · accounts · employer contribution
2024$6.3M · 154 accts · $228K emplr
2023$5.4M · 169 accts · $226K emplr
2022$4.3M · 148 accts · $422K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,302
Total administrative$40,302
The Lesbian and Gay Community Services Center, Inc. 401(k) match · 2024
Employer contribution per active participant$2,327
Median for plans this size$1,313
2024$2,327 per active participant
2023$1,838 per active participant
2022$3,906 per active participant

Lesbian and Gay Community Services Center, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20243
PRINCIPAL LIFE INSURANCE CO · Contract administrator · Loan processing$38,501
ALERA INVESTMENT ADVISORS, LLC · Investment advisory (plan)indirect comp
AURORA PRIVATE WEALTH 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$40,302 · 0.69%
2023$42,822 · 0.89%
2022$27,933 · 0.72%
Same employer
Similar plansHealth Care & Social Assistance · New York
Search for Change, Inc. NY$6.3M · 0.79%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133217805 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.