Plan Ledger DOL Form 5500 · updated monthly

Neue Galerie New York403(b)

NEUE GALERIE NEW YORK 403(B) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Neue Galerie New York reported $55,223 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,142 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 0.43% to 0.47%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is among the smaller plans on file in New York (3,218th of 5,648), and the 578th of 1,311 in arts, entertainment & recreation. In 2024, employees put in $1.98 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,870,836
Participants with balances92
Active participants131
Employer contributions$280,664
Employee contributions$556,158
Employer contribution per active participant$2,142
Average account balance$139,900
Benefits paid to participants$137,053
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$12.9M · 92 accts · $281K emplr
2023$10.6M · 154 accts · $257K emplr
Employer contributions to the Neue Galerie New York plan · 2024
Employer contribution per active participant$2,142
Median for plans this size$2,416
2024$2,142 per active participant
2023$2,497 per active participant

Neue Galerie New York's 2024 employer contribution ran below the $2,416 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 · 20243
KESTRA ADVISORY SERVICES LLCindirect comp
THE PENSION SERVICE, INC. · Other servicesindirect comp

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$55,223 · 0.47%
2023$41,342 · 0.43%
Similar plansArts, Entertainment & Recreation · New York
Underdog Sports, Inc. NY$14.4M · 0.61%
Westchester Country Club NY$13.1M · 0.02%
Intrepid Museum Foundation NY$12.5M · 0.03%
Better Collective USA, Inc. NY$12.1M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 134047433 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.