Plan Ledger DOL Form 5500 · updated monthly

Masonic Care Community of Ny403(b)

MASONIC CARE COMMUNITY OF NY 403(B) RETIREMENT SAVINGS PLAN · UTICA, NY · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Masonic Care Community of Ny reported $84,845 in plan administrative expenses for 2024: 0.58% of average plan assets, higher than ~75% of peers. Employer contributions averaged $995 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 0.58%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (2,881st of 5,648), and the 4,343rd of 11,911 in health care & social assistance. In 2024, employees put in $1.33 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,752,813
Participants with balances673
Active participants756
Employer contributions$752,300
Employee contributions$1,001,845
Employer contribution per active participant$995
Average account balance$23,407
Benefits paid to participants$1,189,870
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.8M · 673 accts · $752K emplr
2023$13.3M · 654 accts · $861K emplr
2022$10.8M · 649 accts · $688K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,452
Investment management$36,393
Total administrative$84,845
Employer contributions to the Masonic Care Community of Ny plan · 2024
Employer contribution per active participant$995
Median for plans this size$2,416
2024$995 per active participant
2023$1,128 per active participant
2022$906 per active participant

Masonic Care Community of Ny's 2024 employer contribution ran below the $2,416 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
BENEFIT PLAN ADMIN SERVICES, INC · Recordkeeping · Trustee$48,452
HEALTHCARE COMMUNITY SECURITIES CRP · Recordkeeping · Trustee$36,393

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

Recordkeeper by year2
2024BENEFIT PLAN ADMIN SERVICES, INC, HEALTHCARE COMMUNITY SECURITIES CRP
2023BENEFIT PLAN ADMIN SERVICES, INC, HEALTHCARE COMMUNITY SECURITIES CRP

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

Administrative cost history3
2024$84,845 · 0.58%
2023$72,750 · 0.60%
2022$68,261 · 0.61%
Same employer
Similar plansHealth Care & Social Assistance · New York
Alternatives for Children NY$15.8M · 0.00%
Bonadent, LLC NY$15.7M · 0.69%
Forestdale, Inc. NY$15.6M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 135563012 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.