Plan Ledger DOL Form 5500 · updated monthly

Bon Secours Charity Health System, Inc403(b)

BON SECOURS CHARITY HEALTH SYSTEM TAX SHELTERED ANNUITY PLAN · SUFFERN, NY · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Bon Secours Charity Health System, Inc reported $784,484 in plan administrative expenses for 2024: 0.25% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,702 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 0.18% to 0.25%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 326th-largest of 5,648 plans among New York employers on file, and the 465th of 11,911 in health care & social assistance. In 2024, employees put in $2.79 for every $1.00 the employer contributed; active participation has grown from 3,400 to 3,801 since 2022.

Plan summary
Net assets, end of year$323,555,715
Participants with balances4,030
Active participants3,801
Employer contributions$6,469,998
Employee contributions$18,068,306
Employer contribution per active participant$1,702
Average account balance$80,287
Benefits paid to participants$30,269,267
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$323.6M · 4,030 accts · $6.5M emplr
2023$292.5M · 4,062 accts · $6.5M emplr
2022$251.6M · 3,934 accts · $6.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$356,899
Investment management$384,835
Audit (IQPA)$42,750
Total administrative$784,484
Employer contributions to the Bon Secours Charity Health System, Inc plan · 2024
Employer contribution per active participant$1,702
Median for plans this size$4,294
2024$1,702 per active participant
2023$1,590 per active participant
2022$1,874 per active participant

Bon Secours Charity Health System, Inc's 2024 employer contribution ran below the $4,294 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 · 20244
EMPOWER ANNUITY INSURANCE COMPANY O · Recordkeeping · Loan processing$376,181
EMPOWER ADVISORY GROUP, LLC · Investment advisory (participants)$270,747
CAPPFINANCIAL (CAPTRUST) · Investment advisory (plan)$114,088
PKF O'CONNOR DAVIES LLP · Accounting / audit$42,750

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

Recordkeeper by year2
2024Empower
2023Empower

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

Administrative cost history3
2024$784,484 · 0.25%
2023$571,256 · 0.21%
2022$493,015 · 0.18%
Same employer
Similar plansHealth Care & Social Assistance · New York
Teladoc Health, Inc. NY$305.9M · 0.18%
Garnet Health Medical Center NY$296.5M · 0.02%
Vns Health NY$290.6M · 0.03%
Lich at Nyu Langone Health NY$288.2M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 912135195 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.