Plan Ledger DOL Form 5500 · updated monthly

Times Square District Management Association, Inc.403(b)

TIMES SQUARE DISTRICT MANAGEMENT ASSOCIATION, INC. RETIREMENT PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Times Square District Management Association, Inc. reported $24,268 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $1,879 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 0.19% to 0.22%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in New York (3,306th of 5,648), and the 897th of 2,534 in administrative & support services. In 2024, employees put in $3.09 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,174,647
Participants with balances178
Active participants135
Employer contributions$253,715
Employee contributions$784,931
Employer contribution per active participant$1,879
Average account balance$68,397
Benefits paid to participants$964,295
Plan auditUnmodified (clean) audit opinion
AuditorGALLEROS ROBINSON CPAS, LLLP
Plan history3
Yearassets · accounts · employer contribution
2024$12.2M · 178 accts · $254K emplr
2023$10.4M · 234 accts · $246K emplr
2022$8.6M · 204 accts · $235K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,268
Total administrative$24,268
Employer contributions to the Times Square District Management Association, Inc. plan · 2024
Employer contribution per active participant$1,879
Median for plans this size$2,416
2024$1,879 per active participant
2023$1,781 per active participant
2022$1,691 per active participant

Times Square District Management Association, Inc.'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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$23,683

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$24,268 · 0.22%
2023$17,775 · 0.19%
2022$16,791 · 0.19%
Similar plansAdministrative & Support Services · New York
Affiliated Monitoring, Inc. NY$12.7M · 0.75%
The I Grace Company, Inc. NY$12.2M · 0.47%
Todaytix, Inc. NY$12.2M · 0.44%
Tempositions, Inc. NY$11.5M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133627527 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.