New York › Administrative and support and waste management services › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Sep 2024 to 31 Aug 2025
Ssoba Defined Contribution Retirement Fund
Sponsored by Ssoba Defined Contribution Retirement Fund, West Babylon, 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.
Ssoba Defined Contribution Retirement Fund is a profit-sharing plan sponsored by Ssoba Defined Contribution Retirement Fund of West Babylon, New York. For the plan year ending 31 Aug 2025 it reported 1,202 participants, 674 of them active, and net assets of $20.6M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $17,098 per participant, well below the $50,295 median for defined contribution plans with 1,000 to 4,999 participants and well below the $24,581 median for defined contribution plans in administrative and support and waste management services. 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 $2.9M during the year, or $4,301 per active participant against a same-size median of $2,045; participants contributed $573K and $3,627 arrived as rollovers and other contributions. Benefits paid out totalled $1.8M.
Schedule C lists 6 service provider organisations paid $5,000 or more, with reported compensation of $221K: $184 per participant, well above the same-size median of $82.08. Administrative expenses charged to the plan were $498K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $383K in 2009 to $20.6M in 2024 (up 5266%), and participants from 136 to 1,202 (up 784%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $17,098 | $50,295 | $24,581 | $53,102 |
| Employer contributions per active participant | $4,301 | $2,045 | $1,302 | $2,175 |
| Schedule C compensation per participant | $184 | $82.08 | $98.48 | $123 |
| Schedule C compensation, share of net assets | 1.1% | 0.17% | 0.44% | 0.26% |
| Administrative expenses per participant | $414 | $82.20 | $95.90 | $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), administrative and support and waste management services (1,682) 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 | 1,202 | $20.6M | $17,097 | $2.9M | $573K | $221K |
| 2023 | 1,126 | $17.0M | $15,091 | $2.6M | $454K | $161K |
| 2022 | 1,030 | $13.1M | $12,764 | $2.2M | $154K | $123K |
| 2021 | 949 | $11.1M | $11,698 | $1.8M | $71K | $160K |
| 2020 | 905 | $12.9M | $14,262 | $1.8M | $52K | $248K |
| 2019 | 1,049 | $11.8M | $11,272 | $1.7M | $114K | $67K |
| 2018 | 996 | $11.0M | $11,083 | $2.0M | $194K | $176K |
| 2017 | 864 | $9.3M | $10,780 | $1.9M | $155K | $150K |
| 2016 | 793 | $6.8M | $8,615 | $1.8M | $136K | $148K |
| 2015 | 550 | $5.1M | $9,269 | $1.2M | $143K | $86K |
| 2014 | 447 | $4.4M | $9,747 | $983K | $125K | $68K |
| 2013 | 322 | $3.3M | $10,121 | $406K | $20K | $53K |
| 2012 | 298 | $2.9M | $9,862 | $2.5M | $7,000 | $28K |
| 2011 | 153 | $517K | $3,379 | $101K | $6,000 | $12K |
| 2010 | 115 | $457K | $3,974 | $116K | $16K | $15K |
| 2009 | 136 | $383K | $2,816 | $152K | $15K | $18K |
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$16,991,741
- Employer contributions$2,898,601
- Participant contributions$573,204
- Rollovers and other contributions$3,627
- Total contributions$3,475,432
- Total income, including investment results$5,815,677
- Benefits paid$1,757,856
- Administrative expenses$498,187
- Total expenses$2,256,043
- Net income$3,559,634
- Net transfers$0
- Net assets, end of year$20,551,375
Participants
- Active participants674
- Retired or separated, receiving benefits522
- Retired or separated, entitled to future benefits—
- Participants with account balances1,202
- Total participants, end of year1,202
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Transamerica Retirement Solutions, | Recordkeeping and information management; Participant loan processing | $115,008 | $0 |
| James R. Grisi, LLC | Legal | $43,200 | $0 |
| Alera Investment Advisors | Investment advisory (plan) | $25,276 | $0 |
| Citrin Cooperman Advisors LLC | Accounting (including auditing) | $21,000 | $0 |
| Peak Retirement Group, LLC | Recordkeeping and information management | $10,557 | $0 |
| Daniel H Cook Associates | Plan Administrator; Recordkeeping and information management | $6,000 | $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
- Investment advisory and management fees$241,016
- Contract administrator fees$127,944
- Legal fees$43,200
- Salaries and allowances$34,962
- Other administrative expenses$30,065
- IQPA audit fees$21,000
- Total administrative expenses$498,187
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)$18.8M · 91.0%
- Participant loans$1.2M · 5.7%
- Receivables$257K · 1.2%
- Insurance company general account$213K · 1.0%
- Cash (interest and non-interest bearing)$213K · 1.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmCitrin Cooperman & Company LLP
- Participant contributions reported as transmitted lateYes, $50,645
- 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
2EProfit-sharing plan2GTotal participant-directed account plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 561600: Investigation & Security Services.
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Local 813 Savings and Thrift Trust Fund | Board of Trustees of Local 813 Savings and Thrift Trust Fund | 1,398 | $30.5M | $21,799 |
| Deployed Resources LLC 401(k) Plan | Deployed Resources LLC | 1,190 | $19.3M | $16,186 |
| Rendr Care Physicians 401(k) Plan | Triboro Administrative Services, LLC | 1,418 | $36.1M | $25,432 |
| Emplova 401(k) Retirement Savings Plan | Emplova, LLC | 1,151 | $90.4M | $78,516 |
| A & a Maintenance Enterprises 401(k) Profit Sharing and Trust | A&a Maintenance Enterprise, Inc. | 1,863 | $3.0M | $1,627 |
| Local 8A-28A 401(k) Retirement Fund | Board of Trustees Local 8A-28A 401(k) | 1,015 | $61.5M | $60,572 |
Defined contribution plans in administrative and support and waste management services closest in size.
Questions and answers
How big is Ssoba Defined Contribution Retirement Fund?
1,202 participants at the end of the plan year ending 31 Aug 2025, of whom 674 were active employees, with net assets of $20,551,375. 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 Ssoba Defined Contribution Retirement Fund contribute per participant?
The filing reports $2,898,601 in employer contributions for the year, which is $4,301 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 $221,041 in compensation to service provider organisations, $184 per participant or 1.1% 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 $498,187. 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 Ssoba Defined Contribution Retirement Fund. Recordkeeping or administration: Transamerica Retirement Solutions,, Peak Retirement Group, LLC and Daniel H Cook Associates. Investment advisory or management: Alera Investment Advisors. The financial statements were audited by Citrin Cooperman & 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. 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 Sep 2024 to 31 Aug 2025, received by the Department of Labor on 15 Jun 2026. 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 26-0584149, plan 001, received 15 Jun 2026; 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.