Plan Ledger DOL Form 5500 · updated monthly

Beechwood Health Care Center, Inc403(b)

BEECHWOOD TAX SHELTERED ANNUITY RETIREMENT PLAN · GETZVILLE, NY · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

Beechwood Health Care Center, Inc reported $110,192 in plan administrative expenses for 2024: 0.65% of average plan assets, higher than ~90% of peers. Employer contributions averaged $817 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 0.59% to 0.65%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 2,724th-largest of 5,648 plans among New York employers on file, and the 4,057th of 11,911 in health care & social assistance. In 2024, employees put in $2.90 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,486,421
Participants with balances1,119
Active participants544
Employer contributions$444,700
Employee contributions$1,288,431
Employer contribution per active participant$817
Average account balance$15,627
Benefits paid to participants$2,730,954
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.5M · 1,119 accts · $445K emplr
2023$16.6M · 1,350 accts · $443K emplr
2022$15.3M · 1,194 accts · $423K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$110,192
Total administrative$110,192
Employer contributions to the Beechwood Health Care Center, Inc plan · 2024
Employer contribution per active participant$817
Median for plans this size$2,416
2024$817 per active participant
2023$801 per active participant
2022$740 per active participant

Beechwood Health Care Center, Inc's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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 · 20242
VARIABLE ANNUITY LIFE INSURANCE CO. · Custodial (securities) · Investment advisory (participants)$107,345
VALIC RETIREMENT SERVICES CO. · Custodial (securities) · Investment advisory (participants)$2,846

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

Administrative cost history3
2024$110,192 · 0.65%
2023$105,198 · 0.66%
2022$98,724 · 0.59%
Same employer
Similar plansHealth Care & Social Assistance · New York
Galileo, Inc. NY$17.7M · 0.39%
Harlem Children's Zone, Inc NY$17.6M · 0.63%
Refuah Health Center, Inc. NY$17.2M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 203368932 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.