Plan Ledger DOL Form 5500 · updated monthly

Tenderloin Neighborhood Development Corporation403(b)

TENDERLOIN NEIGHBORHOOD DEVELOPMENT CORPORATION 403(B) RETIREMENT PLAN · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Tenderloin Neighborhood Development Corporation reported $70,642 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $1,654 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 fell from 0.69% to 0.35%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 3,444th-largest of 9,483 plans among California employers on file, and the 621st of 2,096 in real estate & leasing. In 2024, employees put in $2.11 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,598,334
Participants with balances442
Active participants458
Employer contributions$757,435
Employee contributions$1,599,088
Employer contribution per active participant$1,654
Average account balance$48,865
Benefits paid to participants$1,619,042
Plan auditUnmodified (clean) audit opinion
AuditorLINDQUIST VON HUSEN & JOYCE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$21.6M · 442 accts · $757K emplr
2023$19.2M · 461 accts · $886K emplr
2022$15.9M · 536 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$70,642
Total administrative$70,642
Employer contributions to the Tenderloin Neighborhood Development Corporation plan · 2024
Employer contribution per active participant$1,654
Median for plans this size$2,416
2024$1,654 per active participant
2023$1,983 per active participant
2022$2,619 per active participant

Tenderloin Neighborhood Development Corporation's 2024 employer contribution ran below the $2,416 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 · 20241
LINCOLN NATIONAL CORPORATION · Contract administrator$70,642

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$70,642 · 0.35%
2023$59,370 · 0.34%
2022$114,366 · 0.69%
Same employer
Similar plansReal Estate & Leasing · California
Prime Administration, LLC CA$22.1M · 0.06%
Rp Holdings Inc CA$22.1M · 0.34%
Kisco Senior Living, LLC CA$22.0M · 0.33%
Gleiberman Properties Inc. CA$22.0M · 0.77%
Lyon Management Group, Inc. CA$21.0M · 0.68%
Arnel Development Company CA$20.5M · 0.44%
The Ezralow Company, LLC CA$19.7M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942761808 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.