Plan Ledger DOL Form 5500 · updated monthly

Riseboro Community Partnership, Inc.Profit-sharing plan

RISEBORO COMMUNITY PARTNERSHIP, INC. RETIREMENT PLAN · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
0.60%

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

Riseboro Community Partnership, Inc. reported $68,840 in plan administrative expenses for 2024: 0.60% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,664 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 0.53% to 0.60%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in New York (3,360th of 5,648), and the 1,499th of 3,341 in other services.

Plan summary
Net assets, end of year$11,778,224
Participants with balances566
Active participants508
Employer contributions$1,353,469
Employee contributions—
Employer contribution per active participant$2,664
Average account balance$20,810
Benefits paid to participants$1,828,437
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.8M · 566 accts · $1.4M emplr
2023$11.0M · 551 accts · $1.2M emplr
2022$9.4M · 529 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$68,840
Total administrative$68,840
Employer contributions to the Riseboro Community Partnership, Inc. plan · 2024
Employer contribution per active participant$2,664
Median for plans this size$2,416
2024$2,664 per active participant
2023$2,398 per active participant
2022$1,935 per active participant

Riseboro Community Partnership, Inc.'s 2024 employer contribution ran above 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$67,890

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$68,840 · 0.60%
2023$62,200 · 0.61%
2022$53,110 · 0.53%
All plans at this employer2
RISEBORO COMMUNITY PARTNERSHIP, INC. RETIREMENT PLANProfit-sharing plan
TAX DEFERRED ANNUITY PLAN OF RISEBORO COMMUNITY PARTNERSHIP, INC.403(b)
Same employer
Similar plansOther Services · New York
Make the Road New York NY$12.1M · 0.25%
Bettercloud, Inc. NY$11.5M · 0.04%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 112453853 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.