Plan Ledger DOL Form 5500 · updated monthly

New Leaders, Inc.401(k)

NEW LEADERS 401(K) PROFIT SHARING PLAN & TRUST · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

New Leaders, Inc. reported $42,137 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $4,953 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 0.25% to 0.29%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in New York (2,976th of 5,648), and 1,818th of 3,091 in educational services. In 2024, employees put in $3.11 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,863,337
Participants with balances199
Active participants60
Employer contributions$297,172
Employee contributions$922,924
Employer contribution per active participant$4,953
Average account balance$74,690
Benefits paid to participants$2,269,438
Plan auditUnmodified (clean) audit opinion
AuditorGELMAN ROSENBERG & FREEDMAN
Plan history2
Yearassets · accounts · employer contribution
2024$14.9M · 199 accts · $297K emplr
2022$12.1M · 240 accts · $439K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,137
Total administrative$42,137
The New Leaders, Inc. 401(k) match · 2024
Employer contribution per active participant$4,953
Median for plans this size$2,416
2024$4,953 per active participant
2022$3,432 per active participant

New Leaders, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20243
ADP, INC. · Loan processing · Recordkeeping$42,136
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.

Administrative cost history2
2024$42,137 · 0.29%
2022$32,832 · 0.25%
Same employer
Similar plansEducational Services · New York
Cam-Held Enterprises, Inc. NY$15.6M · 0.45%
Prep for Prep NY$15.3M · 0.06%
Classical Charter Schools NY$15.0M · 0.43%
Ascend Learning, Inc. NY$14.7M · 0.10%
El Education Inc NY$14.6M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043519203 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.