Plan Ledger DOL Form 5500 · updated monthly

Mid Bronx Senior Citizens Council403(b)

MID BRONX SENIOR CITIZENS COUNCIL 403(B) PLAN · BRONX, NY · plan year 2024

Reported admin expense ratio · 2024
3.64%

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

Mid Bronx Senior Citizens Council reported $38,862 in plan administrative expenses for 2024: 3.64% of average plan assets, higher than ~90% of peers. Employer contributions averaged $695 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 1.29% to 3.64%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in New York (5,315th of 5,648), and 3,051st of 3,341 in other services. active participation has shrunk from 325 to 48 since 2022.

Plan summary
Net assets, end of year$1,097,920
Participants with balances449
Active participants48
Employer contributions$33,365
Employee contributions—
Employer contribution per active participant$695
Average account balance$2,445
Benefits paid to participants$12,264
Plan history3
Yearassets · accounts · employer contribution
2024$1.1M · 449 accts · $33K emplr
2023$1.0M · 445 accts · $64K emplr
2022$1000K · 453 accts · $74K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,862
Total administrative$38,862
Employer contributions to the Mid Bronx Senior Citizens Council plan · 2024
Employer contribution per active participant$695
Median for plans this size$1,313
2024$695 per active participant
2023$200 per active participant
2022$229 per active participant

Mid Bronx Senior Citizens Council's 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
BENEFIT CONSULTANTS GROUP · Recordkeeping · Participant communication$38,862

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

Recordkeeper by year2
2024BENEFIT CONSULTANTS GROUP
2023BENEFIT CONSULTANTS GROUP

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

Administrative cost history3
2024$38,862 · 3.64%
2023$19,708 · 1.93%
2022$12,404 · 1.29%
Similar plansOther Services · New York
The One Group, LLC NY$1.3M · 3.84%
Blue Central Admin, LLC NY$1.1M · 1.71%
Visron Design Inc NY$1.0M · 0.60%
Core Services Group, Inc. NY$1.0M · 1.16%
Fr Parallel Sub LLC NY$851K · 1.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 237354073 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.