Plan Ledger DOL Form 5500 · updated monthly

Iroquois Nursing Home, Inc.401(k)

IROQUOIS NURSING HOME, INC. 401(K) RETIREMENT PLAN · JAMESVILLE, NY · plan year 2024

Reported admin expense ratio · 2024
1.04%

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

Iroquois Nursing Home, Inc. reported $35,429 in plan administrative expenses for 2024: 1.04% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,407 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 0.70% to 1.04%. 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 (4,785th of 5,648), and 8,912th of 11,911 in health care & social assistance. In 2024, employees put in $1.33 for every $1.00 the employer contributed; active participation has grown from 78 to 158 since 2022.

Plan summary
Net assets, end of year$3,501,255
Participants with balances166
Active participants158
Employer contributions$222,347
Employee contributions$294,950
Employer contribution per active participant$1,407
Average account balance$21,092
Benefits paid to participants$772,297
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.5M · 166 accts · $222K emplr
2023$3.3M · 151 accts · $73K emplr
2022$3.0M · 135 accts · $66K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,629
Investment management$10,800
Total administrative$35,429
The Iroquois Nursing Home, Inc. 401(k) match · 2024
Employer contribution per active participant$1,407
Median for plans this size$1,313
2024$1,407 per active participant
2023$692 per active participant
2022$850 per active participant

Iroquois Nursing Home, Inc.'s 2024 employer contribution ran above the $1,313 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
ADP, INC. · Loan processing · Recordkeeping$24,629
LPL FINANCIAL CORPORATION RPCP · Recordkeeping · Trustee$10,800

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$35,429 · 1.04%
2023$26,156 · 0.83%
2022$24,853 · 0.70%
Same employer
Similar plansHealth Care & Social Assistance · New York
Gotham Per Diem, Inc. NY$3.5M · 1.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161364582 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.