Mercy Drive Inc.403(b)
403(B) THRIFT PLAN OF MERCY DRIVE INC · FOREST HILLS, NY · plan year 2022
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Mercy Drive Inc. reported $751 in plan administrative expenses for 2022: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $477 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 0.02% to 0.07%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (4,409th of 5,648), and 7,706th of 11,911 in health care & social assistance. In 2022, the employer put in $9.70 for every $1.00 employees contributed themselves.
Mercy Drive Inc.'s 2022 employer contribution ran below the $1,114 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 043831639 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.