Plan Ledger DOL Form 5500 · updated monthly

Turning Point, Inc.403(b)

TURNING POINT, INC. 403(B) PLAN · PATERSON, NJ · plan year 2022

Reported admin expense ratio · 2022
4.58%

Turning Point, Inc. reported $9,825 in plan administrative expenses for 2022: 4.58% of average plan assets, higher than ~90% of peers. 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 health care & social assistance employers. By assets it is among the smaller plans on file in New Jersey (2,331st of 2,419), and 11,598th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$277,394
Participants with balances75
Active participants129
Employer contributions—
Employee contributions$136,283
Employer contribution per active participant—
Average account balance$3,699
Benefits paid to participants$23,551
Plan auditUnmodified (clean) audit opinion
AuditorALEXANDER & WILLIAMS
Administrative expenses, itemized · 2022
Investment management$4,060
Total administrative$9,825
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$9,825 · 4.58%
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Source: U.S. Department of Labor, Form 5500 series, EIN 222046926 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.