Plan Ledger DOL Form 5500 · updated monthly

Starting Point Services for Ch401(k)

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF STARTING POINT SERVICES FOR CHILDREN, INC. · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Starting Point Services for Ch reported $2,497 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,010 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 0.01% to 0.02%. 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 among the smaller plans on file in New York (2,919th of 5,648), and the 4,401st of 11,911 in health care & social assistance. In 2024, the employer put in $1.02 for every $1.00 employees contributed themselves; active participation has shrunk from 186 to 152 since 2022.

Plan summary
Net assets, end of year$15,408,908
Participants with balances201
Active participants152
Employer contributions$153,538
Employee contributions$150,280
Employer contribution per active participant$1,010
Average account balance$76,661
Benefits paid to participants$723,731
Plan auditUnmodified (clean) audit opinion
AuditorROTH & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$15.4M · 201 accts · $154K emplr
2023$14.3M · 185 accts · $144K emplr
2022$12.5M · 235 accts
The Starting Point Services for Ch 401(k) match · 2024
Employer contribution per active participant$1,010
Median for plans this size$2,416
2024$1,010 per active participant
2023$1,023 per active participant

Starting Point Services for Ch'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 · 20241
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$3,480

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

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

Administrative cost history3
2024$2,497 · 0.02%
2023$3,218 · 0.02%
2022$1,406 · 0.01%
Similar plansHealth Care & Social Assistance · New York
Community Memorial Hospital NY$15.5M · 0.02%
Bilinguals, Inc NY$15.4M · 0.29%
City Harvest Inc. NY$15.3M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133834428 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.