Plan Ledger DOL Form 5500 · updated monthly

The Winifred Masterson Burke Medical Research Institute Inc403(b)

WINIFRED MASTERSON BURKE MEDICAL RESEARCH INSTITUTE 403(B) DC PLAN · WHITE PLAINS, NY · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

The Winifred Masterson Burke Medical Research Institute Inc reported $31,306 in plan administrative expenses for 2024: 0.15% of average plan assets, below the peer median. Employer contributions averaged $8,140 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 0.12% to 0.15%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 2,378th-largest of 5,648 plans among New York employers on file, and the 5,203rd of 11,654 in professional & technical services. In 2024, the employer put in $1.47 for every $1.00 employees contributed themselves; active participation has shrunk from 70 to 62 since 2022.

Plan summary
Net assets, end of year$21,986,514
Participants with balances209
Active participants62
Employer contributions$504,692
Employee contributions$343,210
Employer contribution per active participant$8,140
Average account balance$105,199
Benefits paid to participants$559,332
Plan auditUnmodified (clean) audit opinion
AuditorPRAGER METIS CPAS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$22.0M · 209 accts · $505K emplr
2023$19.0M · 209 accts · $571K emplr
2022$18.6M · 209 accts · $678K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,306
Total administrative$31,306
Employer contributions to the The Winifred Masterson Burke Medical Research Institute Inc plan · 2024
Employer contribution per active participant$8,140
Median for plans this size$2,416
2024$8,140 per active participant
2023$8,157 per active participant
2022$9,686 per active participant

The Winifred Masterson Burke Medical Research Institute Inc'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
USI ADVISORS, INC. · Consulting$18,284
TIAA$13,022

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$31,306 · 0.15%
2023$35,647 · 0.19%
2022$23,091 · 0.12%
Similar plansProfessional & Technical Services · New York
Mg Engineering Dpc NY$22.0M · 0.48%
4U Services, Inc. NY$22.0M · 0.46%
Scott-Macon, LTD. NY$22.0M · 0.39%
Coughlin & Gerhart, L.L.P. NY$21.8M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133434924 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.