Plan Ledger DOL Form 5500 · updated monthly

The Children's Home of Poughkeepsie403(b)

THE CHILDREN'S HOME OF POUGHKEEPSIE 403(B) PLAN · POUGHKEEPSIE, NY · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

The Children's Home of Poughkeepsie reported $70,700 in plan administrative expenses for 2024: 0.53% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,215 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 0.18% to 0.53%. 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 (3,033rd of 5,648), and the 4,606th of 11,911 in health care & social assistance. In 2024, the employer put in $1.11 for every $1.00 employees contributed themselves; active participation has grown from 245 to 320 since 2022.

Plan summary
Net assets, end of year$14,384,364
Participants with balances298
Active participants320
Employer contributions$708,891
Employee contributions$637,704
Employer contribution per active participant$2,215
Average account balance$48,270
Benefits paid to participants$1,083,300
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.4M · 298 accts · $709K emplr
2023$12.5M · 347 accts · $597K emplr
2022$10.6M · 333 accts · $538K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,965
Investment management$62,140
Total administrative$70,700
Employer contributions to the The Children's Home of Poughkeepsie plan · 2024
Employer contribution per active participant$2,215
Median for plans this size$2,416
2024$2,215 per active participant
2023$2,139 per active participant
2022$2,196 per active participant

The Children's Home of Poughkeepsie'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 · 20244
THE DAVID J YVARS GROUP · Investment advisory (plan)$45,311
CREATIVE PENSION CONSULTANTS, INC · Contract administrator$16,829
EMPOWER ADVISORY GROUP, LLC · Investment management$2,833

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$70,700 · 0.53%
2023$19,984 · 0.17%
2022$21,555 · 0.18%
Same employer
Similar plansHealth Care & Social Assistance · New York
Nyu Langone Mso, Inc. NY$14.3M · 0.13%
Hasc Center Inc. NY$14.1M · 0.76%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141364662 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.