New York › Finance and insurance › 500 to 999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
The TSG PEP
Sponsored by Pentegra Retirement Services, 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.
Pentegra Retirement Services of White Plains, New York sponsors The TSG PEP, a 401(k) plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 624 participants (624 active) and $19.0M in net assets. It is a multiple-employer plan covering the employees of more than one employer.
Net assets came to $30,371 per participant, well below the $46,267 median for defined contribution plans with 500 to 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 $894K during the year, or $1,433 per active participant against a same-size median of $1,934; participants contributed $1.5M and $69K arrived as rollovers and other contributions. Benefits paid out totalled $3.6M.
Schedule C lists 5 service provider organisations paid $5,000 or more, with reported compensation of $83K: $133 per participant, above the same-size median of $113. Administrative expenses charged to the plan were $89K. 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 disclaimer, 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 | $30,371 | $46,267 | $92,294 | $53,102 |
| Employer contributions per active participant | $1,433 | $1,934 | $3,564 | $2,175 |
| Schedule C compensation per participant | $133 | $113 | $137 | $123 |
| Schedule C compensation, share of net assets | 0.44% | 0.25% | 0.17% | 0.26% |
| Administrative expenses per participant | $142 | $109 | $130 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 500 to 999 participants (10,588 plans), finance and insurance (4,391) and all US plans (63,460). Fee medians cover plans that report an amount.
Statement for the year
- Net assets, beginning of year$0
- Employer contributions$893,948
- Participant contributions$1,453,080
- Rollovers and other contributions$68,989
- Total contributions$2,416,017
- Total income, including investment results$4,145,728
- Benefits paid$3,633,094
- Administrative expenses$88,601
- Total expenses$3,721,695
- Net income$424,033
- Net transfers$18,527,179
- Net assets, end of year$18,951,212
Participants
- Active participants624
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits0
- Participants with account balances487
- Total participants, end of year624
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Pentegra Services Inc. | Contract Administrator | $44,534 | $0 |
| Farther Finance Advisors LLC | Investment advisory (plan) | $30,677 | $0 |
| 575 Market ST Ste 400 | Investment advisory (plan) | $5,475 | $0 |
| Benefit Trust Company | Trustee (directed) | $1,872 | $0 |
| Flexpath Strategies LLC | Other fees | $661 | $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$88,601
- Total administrative expenses$88,601
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.
- Common/collective trusts$16.8M · 88.7%
- Registered investment companies (mutual funds)$1.5M · 7.8%
- Participant loans$435K · 2.3%
- Insurance company general account$225K · 1.2%
Audit and compliance answers, as filed
- Accountant's opinionDisclaimer
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmTempleton & Company, LLP
- Participant contributions reported as transmitted lateYes, $23,606
- Covered by a fidelity bondYes, $1,000,000
- 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
2EProfit-sharing plan2JCode section 401(k) feature2KCode section 401(m) arrangement2FERISA section 404(c) plan2GTotal participant-directed account plan3DPre-approved pension 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 Retirement Services
| Plan | Participants | Net assets |
|---|---|---|
| The 401(k) Plan | 9,376 | $192M |
| The Baldwin Group PEP | 2,401 | $5.5M |
| Strategic Retirement Program | 1,835 | $49.5M |
| The Retiresmart PEP | 1,800 | $25.5M |
| Smart Retirement PEP | 760 | $13.5M |
| 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 |
|---|---|---|---|---|
| Jennison Associates Savings Plan | Jennison Associates LLC | 629 | $486M | $772,511 |
| BTG Pactual 401(k) Plan | BTG Pactual Asset Managementus | 614 | $59.0M | $96,032 |
| Jovia Financial Credit Union Capital Appreciation Plan | Jovia Financial Credit Union | 633 | $38.2M | $60,422 |
| Arrow Financial Corporation Employee Stock Ownership Plan | Arrow Financial Corporation | 609 | $27.9M | $45,748 |
| Ascot 401(k) Retirement Plan | Ascot US Holding Corporation | 635 | $66.5M | $104,669 |
| The Adirondack Trust Company Employee Stock Ownership Plan | The Adirondack Trust Company | 607 | $77.6M | $127,807 |
Defined contribution plans in finance and insurance closest in size.
Questions and answers
How big is The TSG PEP?
624 participants at the end of the plan year ending 31 Dec 2024, of whom 624 were active employees, with net assets of $18,951,212. Among defined contribution plans that places it in the 500 to 999 participants band, which held 10,588 plans in plan year 2024.
What does Pentegra Retirement Services contribute per participant?
The filing reports $893,948 in employer contributions for the year, which is $1,433 per active participant; the median for plans of the same type and size was $1,934 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 $83,219 in compensation to service provider organisations, $133 per participant or 0.44% of net assets. The same-size median among plans reporting any Schedule C compensation was $113 per participant. Administrative expenses on Schedule H were $88,601. 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 Retirement Services. Recordkeeping or administration: Pentegra Services Inc.. Investment advisory or management: Farther Finance Advisors LLC and 575 Market ST Ste 400. Trustee or custodian: Benefit Trust Company. 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 disclaimer opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. A disclaimer of opinion was the usual result of a limited-scope audit under the rules in force before 2021 and is not by itself a finding about the plan.
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 15 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 014, received 15 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.