Other · DOL Form 5500 · 2024

Friends Academy Retirement Plan

Data updated 2026-08-11

$65M
Total assets
198
Participants
87th
Percentile by assets
$328,179
Avg per participant
PlainRetire home → About this data

Official DOL plan name: Friends Academy Defined Contribution Retirement Plan · Sponsored by Friends Academy · New York · Educational Services

$65M in assets, 198 participants

Friends Academy's Friends Academy Defined Contribution Retirement Plan reported $65M in total assets and 198 participants in its 2024 DOL Form 5500 filing, ranking in the 87th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 87th percentile by assets (of 123,622 plans)
  • #2,781 in Educational Services (3,638 peers)

Coverage in New York

Friends Academy Defined Contribution Retirement Plan covers 198 participants in New York, about 25% of the average New York filer (state average ~798 per filing). Assets: $65M.

$65M
total plan assets (2024 EOY)
198
covered participants
87th
percentile by assets (of 123,622 plans)
$328,179
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Friends Academy Defined Contribution Retirement Plan reported net income fell from $7M in the plan year 2023 filing to $5M in the plan year 2024 filing.
  • Friends Academy Defined Contribution Retirement Plan end-of-year assets rose from $60M in the plan year 2023 filing to $65M in the plan year 2024 filing.
  • Friends Academy Defined Contribution Retirement Plan reported participants fell from 209 in the plan year 2023 filing to 198 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Participants vs New York filers

In New York, the average filing covers about 798 participants across 9,061 plans. Friends Academy Defined Contribution Retirement Plan reports 198 participants - about 25% of that state average ($65M EOY assets).

New York filing particulars

Total Assets (Beginning of Year)$60M
Net Assets (End of Year)$65M
Net Income$5M
Employer EIN111633485
Plan Effective Date1976-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Friends Academy)

$50M$55M$60M$65M$70M 202220232024 $53.5M $65M ▲ +21.4%
Total plan assets by year, all Friends Academy plans on file
Year Plans Participants Total Assets
2022 1 188 $54M
2023 1 209 $60M
2024 1 198 $65M

Nearby Other Plans in New York

Peer Other plans, same state, same plan type, ranked by total assets.

Friends Academy Defined Contribution Retirement Plan vs. nearby Other plans in New York, assets vs. participants

Friends Academy Defined Contribution Retirement Plan vs. nearby Other plans in New York, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -5051015 Total assets ($B) Participants Friends Academy Defi…Northwell Health 403…The Mount Sinai Medi…University of Roches…Memorial Sloan Kette…Retirement Plan for …
Friends Academy Defined Contribution Retirement Plan vs. nearby Other plans in New York, assets vs. participants

Similar-Sized Other Plans Nationally

Other plans in other states closest to Friends Academy Defined Contribution Retirement Plan by total assets, not by location.

Frequently Asked Questions

How did Friends Academy Defined Contribution Retirement Plan assets move in 2024?
Friends Academy Defined Contribution Retirement Plan grew at a solid clip - up 7.5% during 2024, from $60M to $65M. Reported net income was $5M.
How have Friends Academy plan assets changed over time?
Across 3 plan years on file (2022-2024), Friends Academy's sponsor-wide assets grew 21.4%, from $54M to $65M.
Where does Friends Academy Defined Contribution Retirement Plan rank by assets among Form 5500 filers?
Friends Academy Defined Contribution Retirement Plan ranks in the 87th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which Other plans are similar in size to Friends Academy Defined Contribution Retirement Plan?
Among Other plans in other states, the closest by assets is Thomas M Cooley Law School 403(b) Tax Sheltered Retirement Plan in MI ($65M, 118 participants).

Next read for Friends Academy Defined Contribution Ret…

Filing takeaways

Ways to act on Friends Academy Defined Contribution Retirement Plan's numbers.