Northern Manhattan Improvement CorporationDC plan
SAFE-HARBOR 401(K) PROFIT-SHARING PLAN FOR EMPLOYEES OF NORTHERN MANHATTAN IMPROVEMENT CORPORATION · NEW YORK, NY · plan year 2024
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
Northern Manhattan Improvement Corporation reported $42,203 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $5,768 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 0.18% to 0.29%. 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 (2,934th of 5,648), and the 4,421st of 11,911 in health care & social assistance. In 2024, the employer put in $1.83 for every $1.00 employees contributed themselves; active participation has shrunk from 157 to 135 since 2022.
Northern Manhattan Improvement Corporation'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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 132972415 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.