Plan Ledger DOL Form 5500 · updated monthly

Mid-Erie Mental Health Services, Inc.401(k)

MID-ERIE MENTAL HEALTH SERVICES, INC. RETIREMENT PLAN · CHEEKTOWAGA, NY · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Mid-Erie Mental Health Services, Inc. reported $24,658 in plan administrative expenses for 2024: 0.37% of average plan assets, below the peer median. Employer contributions averaged $1,268 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 3 years on file its reported administrative ratio has held roughly steady near 0.37%. 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 (4,017th of 5,648), and 6,698th of 11,911 in health care & social assistance. In 2024, employees put in $1.99 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,384,540
Participants with balances381
Active participants202
Employer contributions$256,097
Employee contributions$510,560
Employer contribution per active participant$1,268
Average account balance$19,382
Benefits paid to participants$457,224
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.4M · 381 accts · $256K emplr
2023$6.0M · 359 accts · $253K emplr
2022$5.3M · 322 accts · $226K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,594
Investment management$16,064
Total administrative$24,658
The Mid-Erie Mental Health Services, Inc. 401(k) match · 2024
Employer contribution per active participant$1,268
Median for plans this size$1,313
2024$1,268 per active participant
2023$1,221 per active participant
2022$1,159 per active participant

Mid-Erie Mental Health Services, Inc.'s 2024 employer contribution ran below 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 · 20242
MML INVESTOR SERVICES LLC · Investment advisory (plan)$13,013
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$8,594

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$24,658 · 0.37%
2023$21,516 · 0.38%
2022$20,049 · 0.35%
Same employer
Similar plansHealth Care & Social Assistance · New York
The Osborne Assoc Inc NY$7.5M · 0.09%
Rightway Healthcare, Inc. NY$7.5M · 0.25%
Abilities First, Inc. NY$7.3M · 0.12%
Villa of Hope NY$7.3M · 0.79%
The Wartburg Home NY$7.2M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161017709 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.