Plan Ledger DOL Form 5500 · updated monthly

Regional Economic Community Action Program, Inc401(k)

RECAP 401(K) RETIREMENT PLAN · MIDDLETOWN, NY · plan year 2024

Reported admin expense ratio · 2024
0.86%

Regional Economic Community Action Program, Inc reported $15,143 in plan administrative expenses for 2024: 0.86% of average plan assets, higher than ~75% of peers. 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 0.58% to 0.86%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (5,134th of 5,648), and 10,087th of 11,911 in health care & social assistance. active participation has grown from 106 to 129 since 2022.

Plan summary
Net assets, end of year$1,961,790
Participants with balances141
Active participants129
Employer contributions—
Employee contributions$172,496
Employer contribution per active participant—
Average account balance$13,913
Benefits paid to participants$46,334
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.0M · 141 accts
2023$1.6M · 133 accts
2022$1.2M · 143 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,603
Investment management$8,540
Total administrative$15,143
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
THE VANGUARD GROUP, INC. · Recordkeeping · Loan processing$6,603
FOCUSED WEALTH MANAGEMENT. · Investment advisory (plan)$8,540

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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Administrative cost history3
2024$15,143 · 0.86%
2023$17,892 · 1.29%
2022$7,244 · 0.58%
Same employer
Similar plansHealth Care & Social Assistance · New York
Wells Nursing Home NY$2.1M · 0.77%
Shield of David, Inc. NY$2.1M · 0.97%
Bikur Cholim, Inc. NY$1.9M · 1.62%
Good Care Agency NY$1.9M · 6.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141493667 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.