Plan Ledger DOL Form 5500 · updated monthly

Salanter Akiba Riverdale Academy401(k)

S/A/R ACADEMY 401(K) PLAN · BRONX, NY · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Salanter Akiba Riverdale Academy reported $114,959 in plan administrative expenses for 2024: 0.18% of average plan assets, above the peer median. Employer contributions averaged $3,663 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 0.04% to 0.18%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 1,112th-largest of 5,648 plans among New York employers on file, and the 745th of 3,091 in educational services. In 2024, employees put in $1.40 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$66,071,761
Participants with balances491
Active participants380
Employer contributions$1,392,016
Employee contributions$1,942,401
Employer contribution per active participant$3,663
Average account balance$134,566
Benefits paid to participants$2,569,234
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$66.1M · 491 accts · $1.4M emplr
2023$58.8M · 628 accts · $1.6M emplr
2022$47.9M · 605 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$69,628
Investment management$23,046
Audit (IQPA)$15,300
Trustee / custodial$5,830
Total administrative$114,959
The Salanter Akiba Riverdale Academy 401(k) match · 2024
Employer contribution per active participant$3,663
Median for plans this size$3,635
2024$3,663 per active participant
2023$4,072 per active participant
2022$4,411 per active participant

Salanter Akiba Riverdale Academy's 2024 employer contribution ran above the $3,635 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 · 20244
SENTINEL BENEFITS GROUP, LLC · Recordkeeping$69,628
SENTINEL PENSION ADVISORS · Investment advisory (participants) · Investment advisory (plan)$23,046
PKF OCONNOR DAVIES$15,300
CHARLES SCHWAB TRUST BANK · Custodial (securities) · Trustee$6,985

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$114,959 · 0.18%
2023$28,301 · 0.05%
2022$19,339 · 0.04%
Similar plansEducational Services · New York
St. Bernards School NY$68.1M · 0.00%
Friends Academy NY$65.0M · 0.08%
Excelsior University NY$64.2M · 0.08%
The Masters School NY$63.2M · 0.14%
Elmira College NY$62.4M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 132646185 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.