Plan Ledger DOL Form 5500 · updated monthly

Visions/Services for the Blind and Visually Impaired, Inc.403(b)

VISIONS/SERVICES FOR THE BLIND AND VISUALLY IMPAIRED RETIREMENT PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Visions/Services for the Blind and Visually Impaired, Inc. reported $39,569 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $3,665 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 3 years on file its reported administrative ratio has held roughly steady near 0.237%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 2,742nd-largest of 5,648 plans among New York employers on file, and the 1,169th of 3,341 in other services. In 2024, employees put in $1.60 for every $1.00 the employer contributed; active participation has shrunk from 115 to 102 since 2022.

Plan summary
Net assets, end of year$17,253,589
Participants with balances91
Active participants102
Employer contributions$373,878
Employee contributions$599,748
Employer contribution per active participant$3,665
Average account balance$189,600
Benefits paid to participants$1,168,873
Plan auditUnmodified (clean) audit opinion
AuditorTHE BONADIO GROUP
Plan history3
Yearassets · accounts · employer contribution
2024$17.3M · 91 accts · $374K emplr
2023$16.1M · 117 accts · $350K emplr
2022$14.1M · 113 accts · $283K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,569
Total administrative$39,569
Employer contributions to the Visions/Services for the Blind and Visually Impaired, Inc. plan · 2024
Employer contribution per active participant$3,665
Median for plans this size$2,416
2024$3,665 per active participant
2023$2,463 per active participant
2022$2,463 per active participant

Visions/Services for the Blind and Visually Impaired, Inc.'s 2024 employer contribution ran above 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
VARIABLE ANNUITY LIFE INSURANCE CO. · Custodial (securities) · Investment advisory (participants)$26,840
VALIC RETIREMENT SERVICES COMPANY · Custodial (securities) · Investment advisory (participants)$12,729

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$39,569 · 0.24%
2023$38,876 · 0.26%
2022$31,840 · 0.24%
Similar plansOther Services · New York
Uctie International Union NY$17.6M · 2.57%
Bestpass Inc NY$17.4M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 131624210 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.