Plan Ledger DOL Form 5500 · updated monthly

Hospice of New York LLC401(k)

HOSPICE OF NEW YORK LLC 401(K) PROFIT SHARING PLAN & TRUST · LONG ISLAND CITY, NY · plan year 2024

Reported admin expense ratio · 2024
1.01%

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

Hospice of New York LLC reported $89,031 in plan administrative expenses for 2024: 1.01% of average plan assets, higher than ~75% of peers. Employer contributions averaged $508 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 3 years on file its reported administrative ratio has held roughly steady near 1.01%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (3,668th of 5,648), and the 5,844th of 11,911 in health care & social assistance. In 2024, employees put in $9.17 for every $1.00 the employer contributed; active participation has grown from 181 to 202 since 2022.

Plan summary
Net assets, end of year$9,564,520
Participants with balances266
Active participants202
Employer contributions$102,562
Employee contributions$940,138
Employer contribution per active participant$508
Average account balance$35,957
Benefits paid to participants$572,285
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.6M · 266 accts · $103K emplr
2023$8.1M · 232 accts · $101K emplr
2022$6.8M · 249 accts · $101K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,777
Investment management$38,729
Total administrative$89,031
The Hospice of New York LLC 401(k) match · 2024
Employer contribution per active participant$508
Median for plans this size$1,313
2024$508 per active participant
2023$584 per active participant
2022$557 per active participant

Hospice of New York LLC's 2024 employer contribution ran below the $1,313 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
JOHN HANCOCK NEW YORK · Recordkeeping · Investment management$3,598
ONEDIGITAL INVESTMENT ADVISORS · Investment advisory (participants)indirect 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
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$89,031 · 1.01%
2023$77,110 · 1.04%
2022$75,041 · 1.02%
Same employer
Similar plansHealth Care & Social Assistance · New York
Medco Enterprises, Inc. NY$9.8M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593326696 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.