Plan Ledger DOL Form 5500 · updated monthly

Youth Development, Inc.403(b)

SECTION 403(B) RETIREMENT PLAN FOR YOUTH DEVELOPMENT, INC. · ALBUQUERQUE, NM · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Youth Development, Inc. reported $48,045 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $1,785 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 1.03% to 0.31%. 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 105th-largest of 290 plans among New Mexico employers on file, and the 4,238th of 11,911 in health care & social assistance. In 2024, the employer put in $1.35 for every $1.00 employees contributed themselves; active participation has grown from 422 to 551 since 2022.

Plan summary
Net assets, end of year$16,357,484
Participants with balances546
Active participants551
Employer contributions$983,328
Employee contributions$728,108
Employer contribution per active participant$1,785
Average account balance$29,959
Benefits paid to participants$1,368,330
Plan auditUnmodified (clean) audit opinion
AuditorSJT GROUP LLC
Plan history3
Yearassets · accounts · employer contribution
2024$16.4M · 546 accts · $983K emplr
2023$14.4M · 504 accts · $845K emplr
2022$12.8M · 562 accts · $825K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,337
Investment management$37,708
Total administrative$48,045
Employer contributions to the Youth Development, Inc. plan · 2024
Employer contribution per active participant$1,785
Median for plans this size$2,416
2024$1,785 per active participant
2023$2,124 per active participant
2022$1,954 per active participant

Youth Development, Inc.'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 · 20246
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$35,582
SJT GROUP LLC · Accounting / audit$14,529
EMPOWER ADVISORY GROUP, LLC · Investment management$2,126
MODRALL SPERLING ROEHL HARRIS & · Legal$609
LEGACY BENEFIT SERVICES LLC · Contract administrator$450

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$48,045 · 0.31%
2023$56,600 · 0.42%
2022$138,502 · 1.03%
Same employer
Similar plansHealth Care & Social Assistance · New Mexico
El Centro Family Health NM$17.0M · 0.12%
Arca NM$16.5M · 0.67%
La Familia Medical Center NM$12.5M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850246036 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.