Plan Ledger DOL Form 5500 · updated monthly

Shield of David, Inc.Profit-sharing plan

THE SHIELD INSTITUTE PENSION PLAN FOR MEMBERS OF THE DISTRICT COUNCIL 1707 BARGAINING UNIT · FLUSHING, NY · plan year 2024

Reported admin expense ratio · 2024
0.97%

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

Shield of David, Inc. reported $19,045 in plan administrative expenses for 2024: 0.97% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,063 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 0.97%. 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 (5,109th of 5,648), and 9,982nd of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$2,089,070
Participants with balances241
Active participants136
Employer contributions$144,555
Employee contributions—
Employer contribution per active participant$1,063
Average account balance$8,668
Benefits paid to participants$90,338
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.1M · 241 accts · $145K emplr
2023$1.8M · 237 accts · $176K emplr
2022$1.6M · 233 accts · $166K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,698
Investment management$15,347
Total administrative$19,045
Employer contributions to the Shield of David, Inc. plan · 2024
Employer contribution per active participant$1,063
Median for plans this size$1,313
2024$1,063 per active participant
2023$1,303 per active participant
2022$1,237 per active participant

Shield of David, Inc.'s 2024 employer contribution ran below the $1,313 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
SILVERCREST ASSET MANAGEMENT GROUP · Investment advisory (plan) · Investment management$15,347
COMERICA BANK · Contract administrator$3,698

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$19,045 · 0.97%
2023$14,286 · 0.84%
2022$15,287 · 1.02%
Similar plansHealth Care & Social Assistance · New York
Dominican Village, Inc. NY$2.2M · 1.01%
Wells Nursing Home NY$2.1M · 0.77%

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Source: U.S. Department of Labor, Form 5500 series, EIN 131740041 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.