Plan Ledger DOL Form 5500 · updated monthly

Services for the Underserved403(b)

SERVICES FOR THE UNDERSERVED 403(B) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Services for the Underserved reported $69,282 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $732 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 3 years on file its reported administrative ratio has held roughly steady near 0.24%. 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 1,857th-largest of 5,648 plans among New York employers on file, and the 2,610th of 11,911 in health care & social assistance. In 2024, employees put in $3.75 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$32,371,232
Participants with balances1,908
Active participants1,779
Employer contributions$1,301,984
Employee contributions$4,882,059
Employer contribution per active participant$732
Average account balance$16,966
Benefits paid to participants$3,003,906
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$32.4M · 1,908 accts · $1.3M emplr
2023$26.0M · 1,759 accts · $1.2M emplr
2022$19.6M · 1,611 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$69,282
Total administrative$69,282
Employer contributions to the Services for the Underserved plan · 2024
Employer contribution per active participant$732
Median for plans this size$2,416
2024$732 per active participant
2023$691 per active participant

Services for the Underserved's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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.

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
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$69,282
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$69,282 · 0.24%
2023$62,508 · 0.27%
2022$45,994 · 0.23%
Similar plansHealth Care & Social Assistance · New York
Citizen Advocates, Inc. NY$32.7M · 0.01%
Safe Horizon, Inc. NY$31.3M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911918247 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.