Plan Ledger DOL Form 5500 · updated monthly

The Neighborhood Center, Inc.401(k)

THE NEIGHBORHOOD CENTER, INC. 401(K) PROFIT SHARING PLAN · UTICA, NY · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

The Neighborhood Center, Inc. reported $37,548 in plan administrative expenses for 2024: 0.45% of average plan assets, below the peer median. Employer contributions averaged $1,339 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 0.24% to 0.45%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in New York (3,785th of 5,648), and 2,200th of 3,091 in educational services. In 2024, employees put in $1.56 for every $1.00 the employer contributed; active participation has grown from 203 to 231 since 2022.

Plan summary
Net assets, end of year$8,835,025
Participants with balances237
Active participants231
Employer contributions$309,214
Employee contributions$481,546
Employer contribution per active participant$1,339
Average account balance$37,279
Benefits paid to participants$770,897
Plan auditUnmodified (clean) audit opinion
AuditorFITZGERALD,DEPIETRO & WOJNA CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$8.8M · 237 accts · $309K emplr
2023$7.9M · 207 accts · $272K emplr
2022$7.3M · 218 accts · $261K emplr
The The Neighborhood Center, Inc. 401(k) match · 2024
Employer contribution per active participant$1,339
Median for plans this size$1,313
2024$1,339 per active participant
2023$1,271 per active participant
2022$1,286 per active participant

The Neighborhood Center, Inc.'s 2024 employer contribution ran above the $1,313 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
AMERICAN TRUST COMPANY · Recordkeeping · Contract administrator$37,548

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

Recordkeeper by year2
2024AMERICAN TRUST COMPANY
2023AMERICAN TRUST COMPANY

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Administrative cost history3
2024$37,548 · 0.45%
2023$27,480 · 0.36%
2022$18,583 · 0.24%
Same employer
Similar plansEducational Services · New York
The Posse Foundation NY$9.2M · 0.06%
Scope Education Services NY$8.8M · 0.05%
Alcott School NY$8.7M · 1.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 150532097 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.