Plan Ledger DOL Form 5500 · updated monthly

Greater New York Hospital Association401(k)

GNYHA PROFIT SHARING AND SAVINGS PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Greater New York Hospital Association reported $278,211 in plan administrative expenses for 2024: 0.27% of average plan assets, higher than ~75% of peers. Employer contributions averaged $12,208 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 0.25% to 0.27%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 751st-largest of 5,648 plans among New York employers on file, and the 1,040th of 11,911 in health care & social assistance. In 2024, employees put in $1.06 for every $1.00 the employer contributed; active participation has shrunk from 101 to 87 since 2022.

Plan summary
Net assets, end of year$107,237,211
Participants with balances367
Active participants87
Employer contributions$1,062,099
Employee contributions$1,122,336
Employer contribution per active participant$12,208
Average account balance$292,199
Benefits paid to participants$11,402,487
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$107.2M · 367 accts · $1.1M emplr
2023$100.9M · 398 accts · $978K emplr
2022$92.1M · 428 accts · $954K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$65,252
Investment management$212,959
Total administrative$278,211
The Greater New York Hospital Association 401(k) match · 2024
Employer contribution per active participant$12,208
Median for plans this size$3,635
2024$12,208 per active participant
2023$10,987 per active participant
2022$9,443 per active participant

Greater New York Hospital Association's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$65,559
ASPIRE ADVISORS, LLC · Investment advisory (plan)$212,959
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$278,211 · 0.27%
2023$241,832 · 0.25%
2022$256,925 · 0.25%
Same employer
Similar plansHealth Care & Social Assistance · New York
St. Luke's Cornwall Hospital NY$109.6M · 0.05%
Hillside Children's Center NY$105.5M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 131552496 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.