Plan Ledger DOL Form 5500 · updated monthly

Cornwall Manor Retirement Community403(b)

CORNWALL MANOR RETIREMENT COMMUNITY INTERNAL REVENUE CODE SECTION 403(B) · CORNWALL, PA · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

Cornwall Manor Retirement Community reported $73,637 in plan administrative expenses for 2024: 0.46% of average plan assets, above the peer median. Employer contributions averaged $768 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 0.42% to 0.46%. 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 1,742nd-largest of 3,651 plans among Pennsylvania employers on file, and the 4,242nd of 11,911 in health care & social assistance. In 2024, employees put in $2.73 for every $1.00 the employer contributed; active participation has grown from 259 to 391 since 2022.

Plan summary
Net assets, end of year$16,325,061
Participants with balances243
Active participants391
Employer contributions$300,192
Employee contributions$820,148
Employer contribution per active participant$768
Average account balance$67,181
Benefits paid to participants$2,537,876
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.3M · 243 accts · $300K emplr
2023$15.9M · 224 accts · $297K emplr
2022$14.1M · 217 accts · $296K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$73,637
Total administrative$73,637
Employer contributions to the Cornwall Manor Retirement Community plan · 2024
Employer contribution per active participant$768
Median for plans this size$2,416
2024$768 per active participant
2023$1,092 per active participant
2022$1,141 per active participant

Cornwall Manor Retirement Community'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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$73,637
CAMBRIDGE INVESTMENT RESEARCH INC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect 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$73,637 · 0.46%
2023$64,983 · 0.43%
2022$66,357 · 0.42%
Same employer
Similar plansHealth Care & Social Assistance · Pennsylvania
Grace Inspired Ministries PA$16.3M · 0.54%
Laurel Eye Clinic Group PA$16.1M · 0.44%
Titusville Area Hospital PA$16.0M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 231365158 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.