Plan Ledger DOL Form 5500 · updated monthly

Sunshine Development School, Inc.401(k)

SUNSHINE DEVELOPMENT SCHOOL, INC. 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

Sunshine Development School, Inc. reported $75,624 in plan administrative expenses for 2024: 0.46% of average plan assets, higher than ~75% of peers. Employer contributions averaged $837 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 4 years on file its reported administrative ratio rose from 0.15% to 0.46%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 2,744th-largest of 5,648 plans among New York employers on file, and 1,705th of 3,091 in educational services. In 2024, employees put in $3.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,231,268
Participants with balances225
Active participants146
Employer contributions$122,175
Employee contributions$414,036
Employer contribution per active participant$837
Average account balance$76,583
Benefits paid to participants$311,138
Plan auditUnmodified (clean) audit opinion
AuditorMCSOLEY, MCCOY & COMPANY
Plan history4
Yearassets · accounts · employer contribution
2024$17.2M · 225 accts · $122K emplr
2023$15.6M · 225 accts · $609K emplr
2022$13.7M · 203 accts · $2.1M emplr
2020$10.2M · 258 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,635
Audit (IQPA)$14,000
Total administrative$75,624
The Sunshine Development School, Inc. 401(k) match · 2024
Employer contribution per active participant$837
Median for plans this size$2,416
2024$837 per active participant
2023$4,171 per active participant
2022$14,787 per active participant
2020$6,748 per active participant

Sunshine Development School, Inc.'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
AMERITAS INVESTMENT CORP · Investment advisory (plan)$40,989
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$20,634

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

Administrative cost history4
2024$75,624 · 0.46%
2023$54,472 · 0.37%
2022$33,189 · 0.27%
2020$13,193 · 0.15%
Similar plansEducational Services · New York
Stephen Gaynor School NY$18.0M · 0.05%
Village Community School NY$17.5M · 0.13%
Cicatelli Associates Inc. NY$17.0M · 0.08%
Fred S. Keller School NY$16.5M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112807906 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.