Plan Ledger DOL Form 5500 · updated monthly

Amsterdam Nursing Home CorporationProfit-sharing plan

AMSTERDAM RETIREMENT PLAN · NEW YORK, NY · plan year 2023

Reported admin expense ratio · 2023
0.99%

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

Amsterdam Nursing Home Corporation reported $40,737 in plan administrative expenses for 2023: 0.99% of average plan assets, higher than ~75% of peers. Employer contributions averaged $972 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 1 year on file its reported administrative ratio fell from 1.49% to 0.99%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (4,637th of 5,648), and 8,398th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$4,220,032
Participants with balances185
Active participants103
Employer contributions$100,155
Employee contributions—
Employer contribution per active participant$972
Average account balance$22,811
Benefits paid to participants$536,180
Plan auditUnmodified (clean) audit opinion
AuditorPFK O'CONNOR DAVIES, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$4.2M · 185 accts · $100K emplr
2022$4.0M · 195 accts · $192K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$40,737
Total administrative$40,737
Employer contributions to the Amsterdam Nursing Home Corporation plan · 2023
Employer contribution per active participant$972
Median for plans this size$1,308
2023$972 per active participant
2022$1,845 per active participant

Amsterdam Nursing Home Corporation's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
LINCOLN RETIREMENT SERVICES · Contract administrator$40,737
ASPIRE ADVISORS, LLC · Investment advisory (participants)$20,477

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

Administrative cost history3
2024Not separately reported
2023$40,737 · 0.99%
2022$67,798 · 1.49%
Similar plansHealth Care & Social Assistance · New York
Acutis Diagnostics, Inc. NY$4.3M · 1.14%
The Fresh Air Fund NY$4.2M · 0.16%
Woodland Pond NY$4.2M · 0.66%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133748256 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.