New York › Finance and insurance › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Strategic Retirement Program
Sponsored by Pentegra Services, Inc., White Plains, NY
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Strategic Retirement Program is a 401(k) plan sponsored by Pentegra Services, Inc. of White Plains, New York. For the plan year ending 31 Dec 2024 it reported 1,835 participants, 1,308 of them active, and net assets of $49.5M. It is a multiple-employer plan covering the employees of more than one employer.
Net assets came to $26,998 per participant, well below the $50,295 median for defined contribution plans with 1,000 to 4,999 participants and well below the $92,294 median for defined contribution plans in finance and insurance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $1.3M during the year, or $959 per active participant against a same-size median of $2,045; participants contributed $4.1M and $1.2M arrived as rollovers and other contributions. Benefits paid out totalled $5.0M.
Schedule C lists 4 service provider organisations paid $5,000 or more, with reported compensation of $124K: $67.84 per participant, below the same-size median of $82.08. Administrative expenses charged to the plan were $141K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $26,998 | $50,295 | $92,294 | $53,102 |
| Employer contributions per active participant | $959 | $2,045 | $3,564 | $2,175 |
| Schedule C compensation per participant | $67.84 | $82.08 | $137 | $123 |
| Schedule C compensation, share of net assets | 0.25% | 0.17% | 0.17% | 0.26% |
| Administrative expenses per participant | $76.69 | $82.20 | $130 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 1,000 to 4,999 participants (10,207 plans), finance and insurance (4,391) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 1,835 | $49.5M | $26,998 | $1.3M | $4.1M | $124K |
| 2023 | 287 | $10.3M | $35,767 | $230K | $569K | $25K |
| 2022 | 176 | — | — | — | — | — |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$10,264,909
- Employer contributions$1,253,954
- Participant contributions$4,106,678
- Rollovers and other contributions$1,241,088
- Total contributions$6,601,720
- Total income, including investment results$10,050,303
- Benefits paid$4,955,392
- Administrative expenses$140,721
- Total expenses$5,103,031
- Net income$4,947,272
- Net transfers$34,329,853
- Net assets, end of year$49,542,034
Participants
- Active participants1,308
- Retired or separated, receiving benefits527
- Retired or separated, entitled to future benefits0
- Participants with account balances1,308
- Total participants, end of year1,835
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Pentegra Services Inc. | Other fees | $71,744 | $0 |
| Mmlis | Investment advisory (plan) | $45,879 | $0 |
| Empower Annuity Ins Co. of America | Recordkeeping fees | $5,373 | $0 |
| Benefit Trust Company | Other fees | $1,483 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Recordkeeping fees$140,721
- Total administrative expenses$140,721
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$43.9M · 88.6%
- Common/collective trusts$4.6M · 9.3%
- Insurance company general account$609K · 1.2%
- Participant loans$268K · 0.5%
- Receivables$173K · 0.3%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmTempleton & Company, LLP
- Participant contributions reported as transmitted lateYes, $68,758
- Covered by a fidelity bondYes, $500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2AAge/service weighted or new comparability or similar plan2TTotal or partial participant-directed account plan with a default investment account2EProfit-sharing plan2GTotal participant-directed account plan2KCode section 401(m) arrangement3DPre-approved pension plan2FERISA section 404(c) plan2JCode section 401(k) feature2UMultiple-employer pension plan that is an Association Retirement Plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 523900: Other Financial Investment Activities (including portfolio management & investment advice).
Other plans of Pentegra Services, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| The 401(k) Plan | 9,376 | $192M |
| The Baldwin Group PEP | 2,401 | $5.5M |
| The Retiresmart PEP | 1,800 | $25.5M |
| Smart Retirement PEP | 760 | $13.5M |
| The TSG PEP | 624 | $19.0M |
| Key 401(k) Pooled Employer Plan | 553 | $11.4M |
| The Gratitude PEP | 525 | $35.6M |
| Seligman Group Retirement Plan | 143 | $13.9M |
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Mutual of America Life Insurance Company Savings Plan | Mutual of America Life Insurance Company Savings | 1,839 | $435M | $236,312 |
| Independent Health 401(k) Retirement Savings Plan | Independent Health Association, Inc. | 1,834 | $272M | $148,139 |
| Virtu Financial LLC 401(k) Plan | Virtu Financial Operating LLC | 1,841 | $660M | $358,305 |
| Central National Gottesman Inc. 401(k) Plan | Central National Gottesman Inc. | 1,826 | $322M | $176,575 |
| Better Home & Finance Holding Company 401(k) Plan | Better Home & Finance Holding Company | 1,950 | $58.0M | $29,727 |
| Greystone 401(k) Savings Plan | Greystone Select Incorporated | 1,823 | $207M | $113,571 |
Defined contribution plans in finance and insurance closest in size.
Questions and answers
How big is Strategic Retirement Program?
1,835 participants at the end of the plan year ending 31 Dec 2024, of whom 1,308 were active employees, with net assets of $49,542,034. Among defined contribution plans that places it in the 1,000 to 4,999 participants band, which held 10,207 plans in plan year 2024.
What does Pentegra Services, Inc. contribute per participant?
The filing reports $1,253,954 in employer contributions for the year, which is $959 per active participant; the median for plans of the same type and size was $2,045 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $124,479 in compensation to service provider organisations, $67.84 per participant or 0.25% of net assets. The same-size median among plans reporting any Schedule C compensation was $82.08 per participant. Administrative expenses on Schedule H were $140,721. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Pentegra Services, Inc.. Recordkeeping or administration: Empower Annuity Ins Co. of America. Investment advisory or management: Mmlis. The financial statements were audited by Templeton & Company, LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 14 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 13-3745616, plan 004, received 14 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.