Plan Ledger DOL Form 5500 · updated monthly

Mental Health Association of Nassau County, Inc401(k)

403(B) THRIFT PLAN FOR EMPLOYEES OF MENTAL HEALTH ASSOCIATION OF NASSAU COUNTY, INC. · HEMPSTEAD, NY · plan year 2024

Reported admin expense ratio · 2024
1.06%

Mental Health Association of Nassau County, Inc reported $19,910 in plan administrative expenses for 2024: 1.06% of average plan assets, higher than ~75% of peers. 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 0.03% to 1.06%. 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 (5,122nd of 5,648), and 10,021st of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$2,037,356
Participants with balances129
Active participants135
Employer contributions—
Employee contributions$153,394
Employer contribution per active participant—
Average account balance$15,793
Benefits paid to participants$71,121
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.0M · 129 accts
2023$1.7M · 158 accts
2022$1.9M · 170 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,710
Investment management$5,200
Total administrative$19,910
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 · 20243
BENEFIT PLANS ADMIN SERVICES, INC · Recordkeeping · Custodial (securities)$14,978
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$187
FOCUSED WEALTH MANAGEMENT · Investment advisory (plan)$4,333

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 PLANS ADMIN SERVICES, INC, Mutual of America
2023BENEFIT PLANS ADMIN SERVICES, INC, Mutual of America

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

Administrative cost history3
2024$19,910 · 1.06%
2023$3,332 · 0.18%
2022$619 · 0.03%
Similar plansHealth Care & Social Assistance · New York
Wells Nursing Home NY$2.1M · 0.77%
Shield of David, Inc. NY$2.1M · 0.97%

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Source: U.S. Department of Labor, Form 5500 series, EIN 111710983 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.