Plan Ledger DOL Form 5500 · updated monthly

Cayuga Medical Associates403(b)

CAYUGA MEDICAL ASSOCIATES 403(B) SAVINGS PLAN · ITHACA, NY · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Cayuga Medical Associates reported $148,383 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $1,742 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 0.29% to 0.31%. 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 the 1,347th-largest of 5,648 plans among New York employers on file, and the 1,846th of 11,911 in health care & social assistance. In 2024, employees put in $2.61 for every $1.00 the employer contributed; active participation has grown from 489 to 819 since 2022.

Plan summary
Net assets, end of year$51,001,724
Participants with balances603
Active participants819
Employer contributions$1,427,057
Employee contributions$3,730,949
Employer contribution per active participant$1,742
Average account balance$84,580
Benefits paid to participants$5,408,559
Plan auditUnmodified (clean) audit opinion
AuditorSCIARABBA WALKER AND CO LLP
Plan history3
Yearassets · accounts · employer contribution
2024$51.0M · 603 accts · $1.4M emplr
2023$44.5M · 568 accts · $2.5M emplr
2022$34.5M · 499 accts · $2.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,525
Investment management$129,858
Total administrative$148,383
Employer contributions to the Cayuga Medical Associates plan · 2024
Employer contribution per active participant$1,742
Median for plans this size$2,416
2024$1,742 per active participant
2023$4,263 per active participant
2022$4,683 per active participant

Cayuga Medical Associates's 2024 employer contribution ran below the $2,416 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
BENEFIT PLANS ADMINISTRATIVE SVCS · Recordkeeping · Pension consulting$84,363
WEALTHRX INC · Investment advisory (participants) · Investment advisory (plan)$64,019

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

Recordkeeper by year2
2024BENEFIT PLANS ADMINISTRATIVE SVCS
2023BENEFIT PLANS ADMINISTRATIVE SVCS

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

Administrative cost history3
2024$148,383 · 0.31%
2023$117,481 · 0.30%
2022$104,927 · 0.29%
Same employer
Similar plansHealth Care & Social Assistance · New York
Dent Neurologic Group NY$52.2M · 0.18%
Care Design Ny, LLC NY$50.6M · 0.09%
Carthage Area Hospital NY$50.2M · 0.18%
Great Lakes Physician, P.C. NY$47.9M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204356115 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.