Plan Ledger DOL Form 5500 · updated monthly

Mainstay Life Services401(k)

MAINSTAY LIFE SERVICES, INC. 401(K) PROFIT SHARING PLAN · PITTSBURGH, PA · plan year 2024

Reported admin expense ratio · 2024
0.63%

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

Mainstay Life Services reported $59,798 in plan administrative expenses for 2024: 0.63% of average plan assets, above the peer median. Employer contributions averaged $1,166 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 0.38% to 0.63%. 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 Pennsylvania (2,276th of 3,651), and the 5,668th of 11,911 in health care & social assistance. In 2024, employees put in $1.57 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,072,808
Participants with balances312
Active participants376
Employer contributions$438,544
Employee contributions$687,769
Employer contribution per active participant$1,166
Average account balance$32,285
Benefits paid to participants$1,007,098
Plan auditUnmodified (clean) audit opinion
AuditorMAHER DUESSEL
Plan history3
Yearassets · accounts · employer contribution
2024$10.1M · 312 accts · $439K emplr
2023$8.9M · 266 accts · $359K emplr
2022$8.1M · 244 accts · $345K emplr
Administrative expenses, itemized · 2024
Investment management$59,798
Total administrative$59,798
The Mainstay Life Services 401(k) match · 2024
Employer contribution per active participant$1,166
Median for plans this size$1,313
2024$1,166 per active participant
2023$1,027 per active participant
2022$903 per active participant

Mainstay Life Services'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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$37,725
GLOBAL RETIREMENT PARTNERS LLC · Consulting$22,835

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$59,798 · 0.63%
2023$26,427 · 0.31%
2022$29,334 · 0.38%
Same employer
Similar plansHealth Care & Social Assistance · Pennsylvania
Brian's House PA$10.6M · 0.22%
Aadvantage, Inc. PA$10.2M · 0.10%
Passavant Memorial Homes PA$10.0M · 0.95%
Accord Health Service, Inc. PA$10.0M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251215557 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.