Plan Ledger DOL Form 5500 · updated monthly

The Brooklyn Hospital Center403(b)

THE BROOKLYN HOSPITAL CENTER 403B RETIREMENT PLAN · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

The Brooklyn Hospital Center reported $384,298 in plan administrative expenses for 2024: 0.14% of average plan assets, higher than ~75% of peers. Employer contributions averaged $139 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 0.05% to 0.14%. 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 362nd-largest of 5,648 plans among New York employers on file, and the 525th of 11,911 in health care & social assistance. In 2024, employees put in $24.38 for every $1.00 the employer contributed; active participation has grown from 2,085 to 3,563 since 2022.

Plan summary
Net assets, end of year$274,729,202
Participants with balances3,203
Active participants3,563
Employer contributions$495,901
Employee contributions$12,087,945
Employer contribution per active participant$139
Average account balance$85,772
Benefits paid to participants$20,974,647
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$274.7M · 3,203 accts · $496K emplr
2023$255.4M · 3,073 accts · $1.6M emplr
2022$226.5M · 3,036 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$277,684
Investment management$52,159
Total administrative$384,298
Employer contributions to the The Brooklyn Hospital Center plan · 2024
Employer contribution per active participant$139
Median for plans this size$4,294
2024$139 per active participant
2023$772 per active participant
2022$728 per active participant

The Brooklyn Hospital Center'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 · 20246
TIAA · Recordkeeping · Pension consulting$277,684
MUTUAL OF AMERICA · Claims processing · Recordkeeping$280
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$80
ASPIRE ADVISORS LLC · Investment advisory (plan)$50,000
KELLEY DRYE & WARREN LLP · Legal$21,324
BRIGHTHOUSE LIFE INSURANCE COMPANY · Contract administrator$1,879

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

Recordkeeper by year2
2024Mutual of America, TIAA, Transamerica
2023Mutual of America, TIAA, Transamerica

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

Administrative cost history3
2024$384,298 · 0.14%
2023$281,420 · 0.12%
2022$118,023 · 0.05%
Same employer
Similar plansHealth Care & Social Assistance · New York
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%
Glens Falls Hospital NY$277.5M · 0.08%
Ellis Hospital NY$268.7M · 0.25%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 111630755 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.