Plan Ledger DOL Form 5500 · updated monthly

Madison Square Boys & Girls ClubMoney purchase plan

MADISON SQUARE BOYS & GIRLS CLUB PENSION PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Madison Square Boys & Girls Club reported $9,399 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,069 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 fell from 0.18% to 0.09%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in New York (3,396th of 5,648), and the 1,516th of 3,341 in other services. active participation has shrunk from 94 to 67 since 2022.

Plan summary
Net assets, end of year$11,535,820
Participants with balances126
Active participants67
Employer contributions$339,608
Employee contributions—
Employer contribution per active participant$5,069
Average account balance$91,554
Benefits paid to participants$339,579
Plan auditUnmodified (clean) audit opinion
AuditorCULLEN & DANOWSKI, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$11.5M · 126 accts · $340K emplr
2023$10.2M · 123 accts · $105K emplr
2022$8.9M · 119 accts · $343K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,399
Total administrative$9,399
Employer contributions to the Madison Square Boys & Girls Club plan · 2024
Employer contribution per active participant$5,069
Median for plans this size$2,416
2024$5,069 per active participant
2023$1,102 per active participant
2022$3,650 per active participant

Madison Square Boys & Girls Club's 2024 employer contribution ran above the $2,416 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 · 20241
MILLIMAN, INC. · Recordkeeping · Participant communication$9,399

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Milliman
2023Milliman

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$9,399 · 0.09%
2023$9,876 · 0.10%
2022$14,925 · 0.18%
Similar plansOther Services · New York
Bettercloud, Inc. NY$11.5M · 0.04%
Crisis Text Line, Inc. NY$11.4M · 0.47%
Bideawee, Inc. NY$11.2M · 0.58%
United Mortgage Corp NY$11.1M · 0.92%

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Source: U.S. Department of Labor, Form 5500 series, EIN 135596792 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.