Plan Ledger DOL Form 5500 · updated monthly

The Young Men's Christian Assoc. of Watertown Ny403(b)

WATERTOWN FAMILY YMCA 403(B) PLAN · WATERTOWN, NY · plan year 2022

Reported admin expense ratio · 2022
0.69%

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

The Young Men's Christian Assoc. of Watertown Ny reported $3,629 in plan administrative expenses for 2022: 0.69% of average plan assets, below the peer median. Employer contributions averaged $134 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in New York (5,387th of 5,648), and 3,121st of 3,341 in other services. In 2022, employees put in $2.24 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$769,472
Participants with balances68
Active participants217
Employer contributions$29,021
Employee contributions$64,938
Employer contribution per active participant$134
Average account balance$11,316
Benefits paid to participants$14,025
Plan auditUnmodified (clean) audit opinion
AuditorBOWERS & COMPANY CPAS PLLC
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$2,687
Investment management$942
Total administrative$3,629
Employer contributions to the The Young Men's Christian Assoc. of Watertown Ny plan · 2022
Employer contribution per active participant$134
Median for plans this size$331

The Young Men's Christian Assoc. of Watertown Ny's 2022 employer contribution ran below the $331 median for plans its size, in the bottom 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$3,629 · 0.69%
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Source: U.S. Department of Labor, Form 5500 series, EIN 150559207 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.