Plan Ledger DOL Form 5500 · updated monthly

Westchester Institute for Human Development403(b)

WESTCHESTER INSTITUTE FOR HUMAN DEVELOPMENT 403(B) DC PLAN · VALHALLA, NY · plan year 2024

Reported admin expense ratio · 2024
0.59%

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

Westchester Institute for Human Development reported $117,013 in plan administrative expenses for 2024: 0.59% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,846 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 fell from 0.64% to 0.59%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 2,472nd-largest of 5,648 plans among New York employers on file, and the 3,568th of 11,911 in health care & social assistance. In 2024, employees put in $4.14 for every $1.00 the employer contributed; active participation has shrunk from 232 to 141 since 2022.

Plan summary
Net assets, end of year$20,908,789
Participants with balances211
Active participants141
Employer contributions$260,347
Employee contributions$1,078,332
Employer contribution per active participant$1,846
Average account balance$99,094
Benefits paid to participants$2,012,315
Plan auditDisclaimer of opinion
AuditorBRAD S. ROSENBERG CPA PC
Plan history3
Yearassets · accounts · employer contribution
2024$20.9M · 211 accts · $260K emplr
2023$19.0M · 209 accts · $277K emplr
2022$16.4M · 199 accts · $254K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$117,013
Total administrative$117,013
Employer contributions to the Westchester Institute for Human Development plan · 2024
Employer contribution per active participant$1,846
Median for plans this size$2,416
2024$1,846 per active participant
2023$1,996 per active participant
2022$1,095 per active participant

Westchester Institute for Human Development'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 · 20242
RJC WEALTH MANAGEMENT, LLC · Investment advisory (plan)$71,036
TIAA-CREF$46,052

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$117,013 · 0.59%
2023$115,768 · 0.65%
2022$113,025 · 0.64%
Similar plansHealth Care & Social Assistance · New York
East River Medical Imaging NY$21.0M · 0.43%
Kbi Services, Inc. NY$20.7M · 0.51%
The Highlands NY$20.5M · 0.10%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 200738248 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.