Plan Ledger DOL Form 5500 · updated monthly

Lower Eastside Service Center Inc403(b)

LOWER EASTSIDE SERVICE CENTER INC FIXED ANNUITY RETIREMENT PLAN · NEW YORK, NY · plan year 2022

Reported admin expense ratio · 2022
0.16%

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

Lower Eastside Service Center Inc reported $26,441 in plan administrative expenses for 2022: 0.16% of average plan assets, below the peer median. Employer contributions averaged $698 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 0.16% to 0.39%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in New York (2,832nd of 5,648), and the 1,221st of 3,341 in other services. In 2022, employees put in $3.90 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,247,251
Participants with balances332
Active participants157
Employer contributions$109,661
Employee contributions$427,337
Employer contribution per active participant$698
Average account balance$48,938
Benefits paid to participants$856,046
Plan auditUnmodified (clean) audit opinion
AuditorGRASSI & CO
Plan history3
Yearassets · accounts · employer contribution
2024$15.0M · 297 accts · $89K emplr
2023$16.1M · 312 accts · $135K emplr
2022$16.2M · 332 accts · $110K emplr
Administrative expenses, itemized · 2022
Investment management$18,572
Total administrative$26,441
Employer contributions to the Lower Eastside Service Center Inc plan · 2022
Employer contribution per active participant$698
Median for plans this size$2,266
2024$666 per active participant
2023$1,898 per active participant
2022$698 per active participant

Lower Eastside Service Center Inc's 2022 employer contribution ran below the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024Transamerica
2023Transamerica

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Administrative cost history3
2024$59,974 · 0.39%
2023$41,681 · 0.26%
2022$26,441 · 0.16%
Similar plansOther Services · New York
Scenic Hudson, Inc NY$15.8M · 0.24%
New York Film Academy, LTD. NY$15.8M · 0.63%
Accesscny, Inc. NY$15.8M · 0.79%

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Source: U.S. Department of Labor, Form 5500 series, EIN 131972876 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.