Plan Ledger DOL Form 5500 · updated monthly

New York Psychotherapy and Counseling Center403(b)

NEW YORK PSYCHOTHERAPY AND COUNSELING CENTER 403(B) RETIREMENT PLAN · JAMAICA, NY · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

New York Psychotherapy and Counseling Center reported $51,036 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $1,341 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 0.09% to 0.41%. 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 (2,993rd of 5,648), and the 4,550th of 11,911 in health care & social assistance. In 2024, employees put in $2.24 for every $1.00 the employer contributed; active participation has grown from 551 to 641 since 2022.

Plan summary
Net assets, end of year$14,718,208
Participants with balances540
Active participants641
Employer contributions$859,589
Employee contributions$1,923,307
Employer contribution per active participant$1,341
Average account balance$27,256
Benefits paid to participants$367,141
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.7M · 540 accts · $860K emplr
2023$10.4M · 417 accts · $642K emplr
2022$6.8M · 311 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$51,036
Total administrative$51,036
Employer contributions to the New York Psychotherapy and Counseling Center plan · 2024
Employer contribution per active participant$1,341
Median for plans this size$2,416
2024$1,341 per active participant
2023$1,089 per active participant

New York Psychotherapy and Counseling Center'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 · 20241
NEWPORT GROUP, INC. · Recordkeeping · Loan processing$36,618

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus), Vanguard

This plan has changed recordkeepers within these filings. If you left New York Psychotherapy and Counseling Center before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$51,036 · 0.41%
2023$8,830 · 0.10%
2022$6,660 · 0.09%
Same employer
Similar plansHealth Care & Social Assistance · New York
Schuyler Hospital NY$14.8M · 0.86%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112320614 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.