Plan Ledger DOL Form 5500 · updated monthly

Maranatha Human Services, Inc.401(k)

MARANATHA HUMAN SERVICES, INC. 401(K) PLAN · POUGHKEEPSIE, NY · plan year 2023

Reported admin expense ratio · 2023
1.34%

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

Maranatha Human Services, Inc. reported $20,678 in plan administrative expenses for 2023: 1.34% of average plan assets, higher than ~90% of peers. Employer contributions averaged $807 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 fell from 1.64% to 1.34%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in New York (5,200th of 5,648), and 2,933rd of 3,341 in other services. In 2023, employees put in $1.92 for every $1.00 the employer contributed; active participation has shrunk from 113 to 100 since 2022.

Plan summary
Net assets, end of year$1,673,888
Participants with balances118
Active participants100
Employer contributions$80,650
Employee contributions$154,772
Employer contribution per active participant$807
Average account balance$14,185
Benefits paid to participants$116,931
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $26K emplr
2023$1.7M · 118 accts · $81K emplr
2022$1.4M · 137 accts · $90K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$17,364
Investment management$3,314
Total administrative$20,678
The Maranatha Human Services, Inc. 401(k) match · 2023
Employer contribution per active participant$807
Median for plans this size$1,308
2023$807 per active participant
2022$797 per active participant

Maranatha Human Services, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
ADP INC · Loan processing · Recordkeeping$17,364
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024Not separately reported
2023$20,678 · 1.34%
2022$24,048 · 1.64%
Similar plansOther Services · New York
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Acqua Ancient Bath Inc NY$1.8M · 0.08%
Inflight, Inc. NY$1.8M · 0.04%
Royal Coach Lines Inc NY$1.7M · 0.90%
Autobase Inc. NY$1.5M · 0.83%
Best Companies NY$1.5M · 0.83%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141755068 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.