Plan Ledger DOL Form 5500 · updated monthly

New York State United Teachers401(k)

NYSUT STAFF 401(K) PLAN · LATHAM, NY · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

New York State United Teachers reported $56,325 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,878 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 3 years on file its reported administrative ratio has held roughly steady near 0.023%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 381st-largest of 5,648 plans among New York employers on file, and the 61st of 3,341 in other services. In 2024, employees put in $1.60 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$257,912,900
Participants with balances588
Active participants400
Employer contributions$2,751,287
Employee contributions$4,397,736
Employer contribution per active participant$6,878
Average account balance$438,627
Benefits paid to participants$25,838,265
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$257.9M · 588 accts · $2.8M emplr
2023$238.6M · 581 accts · $2.3M emplr
2022$210.6M · 588 accts · $3.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$325
Investment management$44,000
Audit (IQPA)$12,000
Total administrative$56,325
The New York State United Teachers 401(k) match · 2024
Employer contribution per active participant$6,878
Median for plans this size$3,635
2024$6,878 per active participant
2023$5,839 per active participant
2022$7,959 per active participant

New York State United Teachers's 2024 employer contribution ran above the $3,635 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
FIDUCIENT ADVISORS · Investment advisory (plan)$44,000
BONADIO & CO, LLP · Accounting / audit$12,000

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$56,325 · 0.02%
2023$54,350 · 0.02%
2022$53,626 · 0.02%
Same employer
Similar plansOther Services · New York
Ford Foundation NY$298.4M · 0.01%
Open Society Institute NY$230.0M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141584772 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.