Plan Ledger DOL Form 5500 · updated monthly

Mental Health Association of Rockland County, Inc.403(b)

403(B) THRIFT PLAN OF MENTAL HEALTH ASSOCIATION OF ROCKLAND COUNTY, INC. · VALLEY COTTAGE, NY · plan year 2023

Reported admin expense ratio · 2023
0.51%

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

Mental Health Association of Rockland County, Inc. reported $28,305 in plan administrative expenses for 2023: 0.51% of average plan assets, above the peer median. Employer contributions averaged $1,990 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 0.54% to 0.76%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (4,282nd of 5,648), and 7,326th of 11,911 in health care & social assistance. In 2023, employees put in $1.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,033,702
Participants with balances136
Active participants120
Employer contributions$238,836
Employee contributions$281,346
Employer contribution per active participant$1,990
Average account balance$44,365
Benefits paid to participants$224,639
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$403K · 36 accts · $101K emplr
2023$6.0M · 136 accts · $239K emplr
2022$5.1M · 137 accts · $252K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$28,305
Total administrative$28,305
Employer contributions to the Mental Health Association of Rockland County, Inc. plan · 2023
Employer contribution per active participant$1,990
Median for plans this size$1,308
2023$1,990 per active participant
2022$1,998 per active participant

Mental Health Association of Rockland County, Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20235
PENSERV, INC. · Contract administrator$2,575
ENVESTNET RETIREMENT SOLUTIONS, LLC$2,126
EMPOWER ADVISORY GROUP, LLC · Investment management$1,307
AMERIPRISE FINANCIAL SERVICES INCindirect comp

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$24,595 · 0.76%
2023$28,305 · 0.51%
2022$29,725 · 0.54%
Similar plansHealth Care & Social Assistance · New York
Quartet Mso, LLC NY$6.1M · 0.99%
Isabella Geriatric Center NY$6.0M · 0.05%
Sigma Link Rehab, LLC NY$6.0M · 1.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 132574845 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.