Plan Ledger DOL Form 5500 · updated monthly

The Foundation for Aids Research403(b)

THE AMFAR 403(B) RETIREMENT PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

The Foundation for Aids Research reported $47,511 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $8,872 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 3 years on file its reported administrative ratio has held roughly steady near 0.200%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 2,208th-largest of 5,648 plans among New York employers on file, and the 879th of 3,341 in other services. In 2024, employees put in $1.29 for every $1.00 the employer contributed; active participation has shrunk from 62 to 55 since 2022.

Plan summary
Net assets, end of year$24,683,237
Participants with balances185
Active participants55
Employer contributions$487,953
Employee contributions$627,537
Employer contribution per active participant$8,872
Average account balance$133,423
Benefits paid to participants$2,709,929
Plan auditDisclaimer of opinion
AuditorWITHUMSMITHBROWN
Plan history3
Yearassets · accounts · employer contribution
2024$24.7M · 185 accts · $488K emplr
2023$22.8M · 191 accts · $468K emplr
2022$20.2M · 186 accts · $451K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,810
Investment management$36,701
Total administrative$47,511
Employer contributions to the The Foundation for Aids Research plan · 2024
Employer contribution per active participant$8,872
Median for plans this size$2,416
2024$8,872 per active participant
2023$7,669 per active participant
2022$7,270 per active participant

The Foundation for Aids Research's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
MERRILL LYNCH RETIREMENT & BENEFIT · Investment advisory (plan)$36,701
ASCENSUS LLC · Contract administrator$10,810

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$47,511 · 0.20%
2023$44,371 · 0.21%
2022$44,139 · 0.20%
Similar plansOther Services · New York
The Bronx Defenders NY$25.6M · 0.10%
Justice Innovation Inc. NY$25.5M · 0.30%
Robin Hood Foundation NY$25.3M · 0.28%
Nyc & Company, Inc. NY$24.5M · 0.49%
Child Mind Institute, Inc. NY$24.2M · 0.43%
Cooke School and Institute NY$24.0M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133163817 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.