Plan Ledger DOL Form 5500 · updated monthly

Lich at Nyu Langone Health401(k)

BROOKHAVEN MEMORIAL HOSPITAL MEDICAL CENTER DBA LONG ISLAND COMMUNITY HOSPITAL RETIREMENT SAVINGS · E PATCHOGUE, NY · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Lich at Nyu Langone Health reported $466,305 in plan administrative expenses for 2024: 0.17% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,645 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 0.03% to 0.17%. 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 350th-largest of 5,648 plans among New York employers on file, and the 508th of 11,911 in health care & social assistance. In 2024, employees put in $1.52 for every $1.00 the employer contributed; active participation has grown from 1,457 to 1,964 since 2022.

Plan summary
Net assets, end of year$288,155,122
Participants with balances2,661
Active participants1,964
Employer contributions$7,159,508
Employee contributions$10,880,873
Employer contribution per active participant$3,645
Average account balance$108,288
Benefits paid to participants$26,994,168
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$288.2M · 2,661 accts · $7.2M emplr
2023$269.8M · 760 accts · $6.7M emplr
2022$247.0M · 2,309 accts · $6.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$388,210
Audit (IQPA)$25,875
Total administrative$466,305
The Lich at Nyu Langone Health 401(k) match · 2024
Employer contribution per active participant$3,645
Median for plans this size$4,294
2024$3,645 per active participant
2023$4,174 per active participant
2022$4,323 per active participant

Lich at Nyu Langone Health's 2024 employer contribution ran below the $4,294 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 · 20242
FORVIS LLP · Accounting / audit$25,875

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$466,305 · 0.17%
2023$87,535 · 0.03%
2022$82,755 · 0.03%
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%
Glens Falls Hospital NY$277.5M · 0.08%
The Brooklyn Hospital Center NY$274.7M · 0.14%
Ellis Hospital NY$268.7M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 111704595 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.