Plan Ledger DOL Form 5500 · updated monthly

Bethany Retirement Home, Inc.403(b)

BETHANY RETIREMENT HOME, INC. TAX DEFERRED ANNUITY PLAN · HORSEHEADS, NY · plan year 2022

Reported admin expense ratio · 2022
0.41%

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

Bethany Retirement Home, Inc. reported $21,425 in plan administrative expenses for 2022: 0.41% of average plan assets, below the peer median. Employer contributions averaged $683 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 0.41% to 0.43%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (4,510th of 5,648), and 8,008th of 11,911 in health care & social assistance. In 2022, employees put in $1.69 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,819,389
Participants with balances118
Active participants220
Employer contributions$150,155
Employee contributions$254,041
Employer contribution per active participant$683
Average account balance$40,842
Benefits paid to participants$323,687
Plan auditUnmodified (clean) audit opinion
AuditorMENGEL METZGER BARR & CO. LLP
Plan history3
Yearassets · accounts · employer contribution
2024$4.6M · 90 accts · $132K emplr
2023$4.5M · 102 accts · $145K emplr
2022$4.8M · 118 accts · $150K emplr
Administrative expenses, itemized · 2022
Investment management$21,425
Total administrative$21,425
Employer contributions to the Bethany Retirement Home, Inc. plan · 2022
Employer contribution per active participant$683
Median for plans this size$1,114
2024$543 per active participant
2023$615 per active participant
2022$683 per active participant

Bethany Retirement Home, Inc.'s 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$19,726 · 0.43%
2023$17,618 · 0.38%
2022$21,425 · 0.41%
Similar plansHealth Care & Social Assistance · New York
Greater Opportunities NY$4.9M · 0.59%
Oswego Industries, Inc. NY$4.8M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160988865 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.