Plan Ledger DOL Form 5500 · updated monthly

Mental Health Services of Erie County South East Corporation V dba Spe401(k)

SPECTRUM HEALTH AND HUMAN SERVICES RETIREMENT PLAN · ORCHARD PARK, NY · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Mental Health Services of Erie County South East Corporation V dba Spe reported $16,054 in plan administrative expenses for 2024: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,949 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 fell from 0.57% to 0.11%. 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 (2,983rd of 5,648), and the 4,524th of 11,911 in health care & social assistance. In 2024, employees put in $1.45 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,813,938
Participants with balances433
Active participants329
Employer contributions$641,290
Employee contributions$932,339
Employer contribution per active participant$1,949
Average account balance$34,212
Benefits paid to participants$2,017,488
Plan auditUnmodified (clean) audit opinion
AuditorDOPKINS & COMPANY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$14.8M · 433 accts · $641K emplr
2023$13.5M · 386 accts · $601K emplr
2022$12.0M · 400 accts · $660K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,441
Investment management$9,613
Total administrative$16,054
The Mental Health Services of Erie County South East Corporation V dba Spe 401(k) match · 2024
Employer contribution per active participant$1,949
Median for plans this size$2,416
2024$1,949 per active participant
2023$1,919 per active participant
2022$2,038 per active participant

Mental Health Services of Erie County South East Corporation V dba Spe's 2024 employer contribution ran below the $2,416 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
UBS FINANCIAL SERVICES, INC. · Recordkeeping · Trustee$9,613
ADP, INC. · Loan processing · Recordkeeping$6,440

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$16,054 · 0.11%
2023$75,603 · 0.59%
2022$75,118 · 0.57%
Same employer
Similar plansHealth Care & Social Assistance · New York
Nassau/Suffolk Law Services NY$14.9M · 0.01%
Schuyler Hospital NY$14.8M · 0.86%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161019944 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.