Plan Ledger DOL Form 5500 · updated monthly

Vocational Instructional Project Community Services, Inc.403(b)

VOCATIONAL INSTRUCTION PROJECT COMMUNITY SERVICES, INC. 403(B) PLAN · BRONX, NY · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Vocational Instructional Project Community Services, Inc. reported $29,902 in plan administrative expenses for 2024: 0.40% of average plan assets, below the peer median. Employer contributions averaged $1,715 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 0.37% to 0.40%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (3,823rd of 5,648), and 6,207th of 11,911 in health care & social assistance. In 2024, employees put in $1.26 for every $1.00 the employer contributed; active participation has grown from 378 to 568 since 2022.

Plan summary
Net assets, end of year$8,599,168
Participants with balances597
Active participants568
Employer contributions$974,357
Employee contributions$1,231,736
Employer contribution per active participant$1,715
Average account balance$14,404
Benefits paid to participants$422,396
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.6M · 597 accts · $974K emplr
2023$6.2M · 502 accts · $935K emplr
2022$3.9M · 370 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,902
Total administrative$29,902
The Vocational Instructional Project Community Services, Inc. 401(k) match · 2024
Employer contribution per active participant$1,715
Median for plans this size$1,313
2024$1,715 per active participant
2023$1,798 per active participant
2022$3,692 per active participant

Vocational Instructional Project Community Services, Inc.'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
BENEFIT PLAN ADMIN SERVICES · Recordkeeping · Custodial (securities)$26,370

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

Recordkeeper by year2
2024BENEFIT PLAN ADMIN SERVICES
2023BENEFIT PLAN ADMIN SERVICES

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$29,902 · 0.40%
2023$16,114 · 0.32%
2022$11,677 · 0.37%
Same employer
Similar plansHealth Care & Social Assistance · New York
Gateway-Longview, Inc. NY$8.8M · 0.93%
Seafield Center, Inc. NY$8.8M · 0.04%
Forrest Solutions Inc NY$8.6M · 0.34%
Mercy Flight, Inc. NY$8.5M · 0.66%
Urban Pathways, Inc. NY$8.5M · 0.02%
Care for the Homeless NY$8.5M · 0.83%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 133224700 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.