Plan Ledger DOL Form 5500 · updated monthly

J.M. Murray Center, Inc.401(k)

J.M. MURRAY CENTER, INC. PENSION PLAN · CORTLAND, NY · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

J.M. Murray Center, Inc. reported $30,529 in plan administrative expenses for 2024: 0.31% of average plan assets, below the peer median. Employer contributions averaged $724 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 fell from 0.33% to 0.31%. 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 (3,621st of 5,648), and the 5,732nd of 11,911 in health care & social assistance. In 2024, employees put in $1.56 for every $1.00 the employer contributed; active participation has grown from 449 to 554 since 2022.

Plan summary
Net assets, end of year$9,910,457
Participants with balances632
Active participants554
Employer contributions$401,042
Employee contributions$624,935
Employer contribution per active participant$724
Average account balance$15,681
Benefits paid to participants$1,835,983
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.9M · 632 accts · $401K emplr
2023$9.5M · 563 accts · $346K emplr
2022$7.8M · 515 accts · $412K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,529
Total administrative$30,529
The J.M. Murray Center, Inc. 401(k) match · 2024
Employer contribution per active participant$724
Median for plans this size$1,313
2024$724 per active participant
2023$712 per active participant
2022$918 per active participant

J.M. Murray Center, Inc.'s 2024 employer contribution ran below 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 · 20241
LINCOLN NATIONAL CORPORATION · Contract administrator$30,529

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$30,529 · 0.31%
2023$28,639 · 0.33%
2022$27,460 · 0.33%
Same employer
Similar plansHealth Care & Social Assistance · New York
Usg Services, LLC NY$9.9M · 0.79%
Symphony Medical PC NY$9.8M · 0.28%
Medco Enterprises, Inc. NY$9.8M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160919050 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.