Plan Ledger DOL Form 5500 · updated monthly

Manhattan Youth Recreation and Resources, Inc.403(b)

MANHATTAN YOUTH RECREATION AND RESOURCES, INC. 403(B) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.67%

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

Manhattan Youth Recreation and Resources, Inc. reported $17,826 in plan administrative expenses for 2024: 0.67% of average plan assets, above the peer median. Employer contributions averaged $32 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 1 year on file its reported administrative ratio rose from 0.58% to 0.67%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in New York (4,935th of 5,648), and 2,744th of 3,091 in educational services. In 2024, employees put in $19.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,879,421
Participants with balances110
Active participants425
Employer contributions$13,740
Employee contributions$264,958
Employer contribution per active participant$32
Average account balance$26,177
Benefits paid to participants$12,814
Plan auditUnmodified (clean) audit opinion
AuditorBORIS BENIC AND ASSOCIATES LLP
Plan history2
Yearassets · accounts · employer contribution
2024$2.9M · 110 accts · $14K emplr
2023$2.4M · 108 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,826
Total administrative$17,826
Employer contributions to the Manhattan Youth Recreation and Resources, Inc. plan · 2024
Employer contribution per active participant$32
Median for plans this size$1,313
2024$32 per active participant
2023$2,883 per active participant

Manhattan Youth Recreation and Resources, Inc.'s 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$17,676
UB PENSIONS · Contract administrator · Other services$150

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

Administrative cost history2
2024$17,826 · 0.67%
2023$13,925 · 0.58%
Similar plansEducational Services · New York
The Lowell School NY$2.9M · 0.73%
City-Pro Group, Inc. NY$2.4M · 2.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133323378 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.