Plan Ledger DOL Form 5500 · updated monthly

The Packer Collegiate Institute403(b)

THE PACKER COLLEGIATE INSTITUTE DEFINED CONTRIBUTION RETIREMENT PLAN · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

The Packer Collegiate Institute reported $81,004 in plan administrative expenses for 2024: 0.08% of average plan assets, below the peer median. Employer contributions averaged $7,570 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 0.08%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other educational services employers. By assets it is the 722nd-largest of 5,648 plans among New York employers on file, and the 479th of 3,091 in educational services. In 2024, employees put in $1.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$111,281,532
Participants with balances706
Active participants264
Employer contributions$1,998,442
Employee contributions$2,232,318
Employer contribution per active participant$7,570
Average account balance$157,623
Benefits paid to participants$5,108,475
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$111.3M · 706 accts · $2.0M emplr
2023$100.0M · 693 accts · $1.8M emplr
2022$86.8M · 731 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$81,004
Total administrative$81,004
Employer contributions to the The Packer Collegiate Institute plan · 2024
Employer contribution per active participant$7,570
Median for plans this size$3,635
2024$7,570 per active participant
2023$7,000 per active participant
2022$6,667 per active participant

The Packer Collegiate Institute's 2024 employer contribution ran above the $3,635 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
TIAA$50,489
PKF O'CONNOR DAVIES, LLP · Accounting / audit$21,400

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$81,004 · 0.08%
2023$76,367 · 0.08%
2022$61,865 · 0.07%
Same employer
Similar plansEducational Services · New York
Hartwick College NY$115.7M · 0.10%
Marymount Manhattan College NY$112.8M · 0.04%
Saint Anns School NY$110.2M · 0.14%
Hackley School NY$109.1M · 0.16%
Rye Country Day School NY$108.0M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 111633522 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.