Plan Ledger DOL Form 5500 · updated monthly

Mercy Flight, Inc.401(k)

MERCY FLIGHT, INC. 401(K) PLAN · BUFFALO, NY · plan year 2024

Reported admin expense ratio · 2024
0.66%

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

Mercy Flight, Inc. reported $49,090 in plan administrative expenses for 2024: 0.66% of average plan assets, above the peer median. Employer contributions averaged $1,725 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 0.70% to 0.66%. 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 (3,833rd of 5,648), and 6,235th of 11,911 in health care & social assistance. In 2024, employees put in $2.50 for every $1.00 the employer contributed; active participation has grown from 173 to 226 since 2022.

Plan summary
Net assets, end of year$8,526,466
Participants with balances293
Active participants226
Employer contributions$389,930
Employee contributions$973,036
Employer contribution per active participant$1,725
Average account balance$29,101
Benefits paid to participants$601,027
Plan auditUnmodified (clean) audit opinion
AuditorCHAMPOU, TRAVIS, BESAW & KERSHN
Plan history3
Yearassets · accounts · employer contribution
2024$8.5M · 293 accts · $390K emplr
2023$6.4M · 317 accts · $317K emplr
2022$5.0M · 256 accts · $293K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,438
Investment management$14,652
Total administrative$49,090
The Mercy Flight, Inc. 401(k) match · 2024
Employer contribution per active participant$1,725
Median for plans this size$1,313
2024$1,725 per active participant
2023$1,634 per active participant
2022$1,691 per active participant

Mercy Flight, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20243
LAWLEY RETIREMENT ADVISORS LLC · Investment advisory (plan)$12,000
EMPOWER ADVISORY GROUP, LLC · Investment management$2,652

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$49,090 · 0.66%
2023$39,095 · 0.68%
2022$34,987 · 0.70%
Same employer
Similar plansHealth Care & Social Assistance · New York
Seafield Center, Inc. NY$8.8M · 0.04%
Forrest Solutions Inc NY$8.6M · 0.34%
Urban Pathways, Inc. NY$8.5M · 0.02%
Care for the Homeless NY$8.5M · 0.83%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222560963 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.