Plan Ledger DOL Form 5500 · updated monthly

Maimonides Medical Center403(b)

MAIMONIDES MEDICAL CENTER TAX DEFERRED RETIREMENT PLAN · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Maimonides Medical Center reported $787,865 in plan administrative expenses for 2024: 0.08% of average plan assets, above the peer median. Employer contributions averaged $2,378 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 0.06% to 0.08%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 117th-largest of 5,648 plans among New York employers on file, and the 180th of 11,911 in health care & social assistance. In 2024, employees put in $2.07 for every $1.00 the employer contributed; active participation has grown from 5,117 to 8,074 since 2022.

Plan summary
Net assets, end of year$1,020,122,612
Participants with balances7,838
Active participants8,074
Employer contributions$19,201,361
Employee contributions$39,794,915
Employer contribution per active participant$2,378
Average account balance$130,151
Benefits paid to participants$50,419,851
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.0B · 7,838 accts · $19.2M emplr
2023$911.2M · 7,218 accts · $17.2M emplr
2022$800.9M · 7,018 accts · $19.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$430,106
Investment management$111,729
Audit (IQPA)$65,440
Total administrative$787,865
Employer contributions to the Maimonides Medical Center plan · 2024
Employer contribution per active participant$2,378
Median for plans this size$4,294
2024$2,378 per active participant
2023$2,127 per active participant
2022$3,786 per active participant

Maimonides Medical Center's 2024 employer contribution ran below the $4,294 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 · 20246
TIAA · Recordkeeping · Pension consulting$456,373
MCDERMOTT WILL & EMERY LLP · Legal$150,166
CAPFINANCIAL PARTNERS, LLC · Investment management$84,263
BDO USA, P.C. · Accounting / audit$65,440
ALLIANCE PENSION CONSULTANTS, LLC · Consulting$30,424

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

Recordkeeper by year2
2024TIAA
2023TIAA

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

Administrative cost history3
2024$787,865 · 0.08%
2023$694,210 · 0.08%
2022$516,756 · 0.06%
Same employer
Similar plansHealth Care & Social Assistance · New York
Nyu Langone Hospitals NY$3.6B · 0.03%
Essilorluxottica USA Inc NY$1.5B · 0.07%
Rochester Regional Health NY$987.0M · 0.12%
Wp Citymd Bidco, LLC NY$973.2M · 0.10%
Hospital for Special Surgery NY$866.1M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 111635081 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.