Plan Ledger DOL Form 5500 · updated monthly

Richmond Childrens Center, Inc. dba Richmond Community ServicesProfit-sharing plan

RICHMOND CHILDREN'S CENTER, INC. 403(B) PLAN · MOUNT KISCO, NY · plan year 2024

Reported admin expense ratio · 2024
0.86%

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

Richmond Childrens Center, Inc. dba Richmond Community Services reported $157,793 in plan administrative expenses for 2024: 0.86% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,983 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 0.22% to 0.86%. 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 the 2,596th-largest of 5,648 plans among New York employers on file, and the 3,814th of 11,911 in health care & social assistance. In 2024, the employer put in $1.11 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$19,087,893
Participants with balances739
Active participants486
Employer contributions$963,943
Employee contributions$867,490
Employer contribution per active participant$1,983
Average account balance$25,829
Benefits paid to participants$2,297,396
Plan auditUnmodified (clean) audit opinion
AuditorDESIRE & COMPANY CPAS PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$19.1M · 739 accts · $964K emplr
2023$17.8M · 712 accts · $933K emplr
2022$16.1M · 773 accts · $881K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$67,164
Investment management$73,200
Total administrative$157,793
Employer contributions to the Richmond Childrens Center, Inc. dba Richmond Community Services plan · 2024
Employer contribution per active participant$1,983
Median for plans this size$2,416
2024$1,983 per active participant
2023$1,932 per active participant
2022$1,971 per active participant

Richmond Childrens Center, Inc. dba Richmond Community Services'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 · 20242
BENEFIT PLANS ADMIN SERVICES, INC. · Recordkeeping · Custodial (securities)$76,300
FOCUSED WEALTH MANAGEMENT · Investment advisory (plan)$73,200

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

Recordkeeper by year2
2024BENEFIT PLANS ADMIN SERVICES, INC.
2023BENEFIT PLANS ADMIN SERVICES, INC.

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$157,793 · 0.86%
2023$147,860 · 0.87%
2022$25,152 · 0.22%
All plans at this employer2
403(B) THRIFT PLAN OF RICHMOND CHILDRENS CENTER INC403(b)
RICHMOND CHILDREN'S CENTER, INC. 403(B) PLANProfit-sharing plan
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 132736761 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.