Plan Ledger DOL Form 5500 · updated monthly

The Arab American Family Support Center403(b)

THE AAFSC 403(B) RETIREMENT PLAN · BROOKLYN, NY · plan year 2022

Reported admin expense ratio · 2022
0.56%

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

The Arab American Family Support Center reported $4,542 in plan administrative expenses for 2022: 0.56% of average plan assets, below the peer median. Employer contributions averaged $730 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (5,349th of 5,648), and 10,932nd of 11,911 in health care & social assistance. In 2022, employees put in $1.75 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$963,747
Participants with balances53
Active participants120
Employer contributions$87,571
Employee contributions$153,028
Employer contribution per active participant$730
Average account balance$18,184
Benefits paid to participants$38,422
Plan auditUnmodified (clean) audit opinion
AuditorWEGNER CPAS
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$4,542
Total administrative$4,542
Employer contributions to the The Arab American Family Support Center plan · 2022
Employer contribution per active participant$730
Median for plans this size$331

The Arab American Family Support Center's 2022 employer contribution ran above the $331 median for plans its size, placing it in the top 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$4,542 · 0.56%
Similar plansHealth Care & Social Assistance · New York
Optimal Care Services LLC NY$971K · 0.98%
Enable My Child, LTD NY$958K · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 113167245 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.