Head Start Sponsoring Board Council of the City of New York retirement plan: assets, participants and fees
What Head Start Sponsoring Board Council of the City of New York's retirement plan plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Novak & Francelaa Cpa'S | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 162 pension plans in health care and social assistance with 1,000 to 4,999 participants.
| Head Start Sponsoring Board Council of the City of New York: employer contribution per participant | $1,772 | |
| Peer median | $2,182 |
| Head Start Sponsoring Board Council of the City of New York: average balance | $47,618 | |
| Peer median | $68,893 |
| Head Start Sponsoring Board Council of the City of New York: admin expenses ÷ assets | 1.38% | |
| Peer median | 0.67% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $212M at the end of plan year 2021 to $234M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 4,917 | $234M | $8.7M | $1,772 | 1.38% | Not published | Form 5500 ↗ |
| 2023 | 4,850 | $218M | $8.9M | $1,843 | 1.95% | Not published | Form 5500 ↗ |
| 2022 | 4,773 | $204M | $9.1M | $1,904 | 1.93% | Not published | Form 5500 ↗ |
| 2021 | 5,112 | $212M | $10.3M | $2,010 | 1.83% | Not published | Form 5500 ↗ |
Common questions
Does Head Start Sponsoring Board Council of the City of New York match 401(k) contributions?
The match terms for the The Defined Benefit Pension Plan of the Head Start Sponsoring Board have not been published from its filing yet. The plan year 2024 filing reports $8.7M in employer contributions, about $1,772 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Head Start Sponsoring Board Council of the City of New York 401(k) match vested?
The vesting schedule for the The Defined Benefit Pension Plan of the Head Start Sponsoring Board is not in the data published so far. Your Summary Plan Description states it.
Who manages the Head Start Sponsoring Board Council of the City of New York 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Head Start Sponsoring Board Council of the City of New York, Inc..
I left Head Start Sponsoring Board Council of the City of New York. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Head Start Sponsoring Board Council of the City of New York, Inc., (212) 866-9342) or the recordkeeper, Principal Life Insurance Company. The Head Start Sponsoring Board Council of the City of New York old 401(k) page lists the contacts from every plan filing. Find an old Head Start Sponsoring Board Council of the City of New York 401(k)
Data from the public Form 5500 annual reports Head Start Sponsoring Board Council of the City of New York filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Head Start Sponsoring Board Council of the City of New York. Not financial advice. Report a correction · Methodology