Plan Ledger DOL Form 5500 · updated monthly

Adirondack Medical Center dba Adirondack Health403(b)

THE ADIRONDACK HEALTH TAX DEFERRED ANNUITY PLAN · SARANAC LAKE, NY · plan year 2024

Reported admin expense ratio · 2024
0.15%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Adirondack Medical Center dba Adirondack Health reported $144,758 in plan administrative expenses for 2024: 0.15% of average plan assets, above the peer median. Employer contributions averaged $2,221 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.00% to 0.15%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 783rd-largest of 5,648 plans among New York employers on file, and the 1,086th of 11,911 in health care & social assistance. In 2024, employees put in $2.11 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$102,107,967
Participants with balances936
Active participants837
Employer contributions$1,858,690
Employee contributions$3,923,697
Employer contribution per active participant$2,221
Average account balance$109,090
Benefits paid to participants$8,633,785
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$102.1M · 936 accts · $1.9M emplr
2023$90.6M · 960 accts · $1.9M emplr
2022$78.6M · 966 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$144,758
Total administrative$144,758
Employer contributions to the Adirondack Medical Center dba Adirondack Health plan · 2024
Employer contribution per active participant$2,221
Median for plans this size$3,635
2024$2,221 per active participant
2023$2,080 per active participant
2022$2,011 per active participant

Adirondack Medical Center dba Adirondack Health's 2024 employer contribution ran below the $3,635 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$144,758
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp
HEALTHCARE COMMUNITY SECURITIES COR · Consulting · Insurance servicesindirect comp
CHARLES SCHWAB & CO., INC. · Securities brokerageindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Transamerica
2023Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$144,758 · 0.15%
2023$2,418 · 0.00%
2022$1,796 · 0.00%
Same employer
Similar plansHealth Care & Social Assistance · New York
Hillside Children's Center NY$105.5M · 0.26%
Hebrew Home at Riverdale NY$104.5M · 0.35%
St. Elizabeth Medical Center NY$101.6M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141731786 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.