Plan Ledger DOL Form 5500 · updated monthly

Brothers of Mercy Nursing Home Company, Inc. dba Brothers of Mercy Nur401(k)

BROTHERS OF MERCY RETIREMENT SAVINGS PLAN · CLARENCE, NY · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Brothers of Mercy Nursing Home Company, Inc. dba Brothers of Mercy Nur reported $56,489 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $400 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 0.39% to 0.48%. 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 among the smaller plans on file in New York (3,259th of 5,648), and the 5,026th of 11,911 in health care & social assistance. In 2024, employees put in $3.32 for every $1.00 the employer contributed; active participation has grown from 414 to 541 since 2022.

Plan summary
Net assets, end of year$12,478,900
Participants with balances618
Active participants541
Employer contributions$216,295
Employee contributions$718,327
Employer contribution per active participant$400
Average account balance$20,192
Benefits paid to participants$1,336,610
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.5M · 618 accts · $216K emplr
2023$11.3M · 592 accts · $308K emplr
2022$10.7M · 404 accts · $193K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,611
Investment management$178
Total administrative$56,489
The Brothers of Mercy Nursing Home Company, Inc. dba Brothers of Mercy Nur 401(k) match · 2024
Employer contribution per active participant$400
Median for plans this size$2,416
2024$400 per active participant
2023$710 per active participant
2022$466 per active participant

Brothers of Mercy Nursing Home Company, Inc. dba Brothers of Mercy Nur'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
ACTURIAL CONSULTING SERVICES, INC. · Other servicesindirect comp
CADARET GRANT & CO INCindirect comp

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$56,489 · 0.48%
2023$49,321 · 0.45%
2022$46,092 · 0.39%
Same employer
Similar plansHealth Care & Social Assistance · New York
Aim Services, Inc. NY$12.3M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 237155198 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.