Plan Ledger DOL Form 5500 · updated monthly

New Directions Youth and Family Services, Inc.401(k)

NEW DIRECTIONS YOUTH AND FAMILY SERVICES 401(K) PROFIT SHARING PLAN & TRUST · LOCKPORT, NY · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

New Directions Youth and Family Services, Inc. reported $42,301 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $418 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 0.20% to 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (2,890th of 5,648), and the 4,355th of 11,911 in health care & social assistance. In 2024, employees put in $4.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,689,509
Participants with balances681
Active participants465
Employer contributions$194,600
Employee contributions$847,346
Employer contribution per active participant$418
Average account balance$23,039
Benefits paid to participants$1,034,836
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.7M · 681 accts · $195K emplr
2023$14.1M · 618 accts · $174K emplr
2022$12.0M · 565 accts · $147K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,301
Total administrative$42,301
The New Directions Youth and Family Services, Inc. 401(k) match · 2024
Employer contribution per active participant$418
Median for plans this size$2,416
2024$418 per active participant
2023$364 per active participant
2022$324 per active participant

New Directions Youth and Family Services, Inc.'s 2024 employer contribution ran below the $2,416 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
BURKE GROUP · Investment advisory (plan)$42,300
ALESCO ADVISORS LLCindirect comp

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

Administrative cost history3
2024$42,301 · 0.28%
2023$30,679 · 0.23%
2022$25,569 · 0.20%
Same employer
Similar plansHealth Care & Social Assistance · New York
Alternatives for Children NY$15.8M · 0.00%
Bonadent, LLC NY$15.7M · 0.69%
Forestdale, Inc. NY$15.6M · 0.59%
Community Memorial Hospital NY$15.5M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160743220 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.