Plan Ledger DOL Form 5500 · updated monthly

The Wm George Agency for Child Svcs401(k)

THE WILLIAM GEORGE AGENCY FOR CHILDREN'S SERVICES, INC. RETIREMENT PLAN · FREEVILLE, NY · plan year 2024

Reported admin expense ratio · 2024
0.73%

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

The Wm George Agency for Child Svcs reported $117,415 in plan administrative expenses for 2024: 0.73% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,228 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 0.61% to 0.73%. 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 the 2,770th-largest of 5,648 plans among New York employers on file, and the 4,148th of 11,911 in health care & social assistance. In 2024, employees put in $1.27 for every $1.00 the employer contributed; active participation has grown from 285 to 373 since 2022.

Plan summary
Net assets, end of year$16,884,861
Participants with balances429
Active participants373
Employer contributions$830,899
Employee contributions$1,058,355
Employer contribution per active participant$2,228
Average account balance$39,359
Benefits paid to participants$2,379,306
Plan auditUnmodified (clean) audit opinion
AuditorINSERO AND CO CPAS LLP
Plan history3
Yearassets · accounts · employer contribution
2024$16.9M · 429 accts · $831K emplr
2023$15.1M · 418 accts · $750K emplr
2022$12.7M · 322 accts · $725K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$75,492
Investment management$41,923
Total administrative$117,415
The The Wm George Agency for Child Svcs 401(k) match · 2024
Employer contribution per active participant$2,228
Median for plans this size$2,416
2024$2,228 per active participant
2023$2,130 per active participant
2022$2,543 per active participant

The Wm George Agency for Child Svcs'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 · 20242
LPL FINANCIAL · Investment advisory (plan)$41,923

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$117,415 · 0.73%
2023$83,912 · 0.60%
2022$83,803 · 0.61%
Similar plansHealth Care & Social Assistance · New York
Refuah Health Center, Inc. NY$17.2M · 0.51%
Process Insights, Inc. NY$17.0M · 0.01%
Eac, Inc NY$16.8M · 0.14%
Advanced Dermatology, P.C. NY$16.5M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 131857994 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.