Plan Ledger DOL Form 5500 · updated monthly

United Way of New York401(k)

UNITED WAY OF NEW YORK CITY 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

United Way of New York reported $16,505 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $2,207 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 1 year on file its reported administrative ratio rose from 0.17% to 0.29%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in New York (4,308th of 5,648), and 2,172nd of 3,341 in other services. In 2024, employees put in $2.85 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,883,196
Participants with balances141
Active participants107
Employer contributions$236,186
Employee contributions$673,663
Employer contribution per active participant$2,207
Average account balance$41,725
Benefits paid to participants$1,473,133
Plan history2
Yearassets · accounts · employer contribution
2024$5.9M · 141 accts · $236K emplr
2023$5.7M · 129 accts · $193K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,505
Total administrative$16,505
The United Way of New York 401(k) match · 2024
Employer contribution per active participant$2,207
Median for plans this size$1,313
2024$2,207 per active participant
2023$2,140 per active participant

United Way of New York's 2024 employer contribution ran above the $1,313 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$16,904

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history2
2024$16,505 · 0.29%
2023$8,925 · 0.17%
Similar plansOther Services · New York
Lcd Elevator Repair Inc. NY$6.1M · 0.62%
Pathfinder Village, Inc. NY$6.1M · 1.16%
Earthbound LLC NY$6.0M · 0.72%
St. Anne Institute NY$5.6M · 0.90%

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Source: U.S. Department of Labor, Form 5500 series, EIN 132617681 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.