Plan Ledger DOL Form 5500 · updated monthly

Montefiore Medical Center403(b)

MONTEFIORE MEDICAL CENTER 403(B) PLAN · BRONX, NY · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

Montefiore Medical Center reported $46,725 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,636 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 0.05% to 0.00%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 39th-largest of 5,648 plans among New York employers on file, and the 31st of 11,911 in health care & social assistance. In 2024, employees put in $3.42 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,330,988,193
Participants with balances22,889
Active participants16,359
Employer contributions$59,486,771
Employee contributions$203,656,618
Employer contribution per active participant$3,636
Average account balance$189,217
Benefits paid to participants$336,809,239
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.3B · 22,889 accts · $59.5M emplr
2023$3.9B · 22,942 accts · $60.7M emplr
2022$3.3B · 22,900 accts · $60.1M emplr
Administrative expenses, itemized · 2024
Audit (IQPA)$43,750
Total administrative$46,725
Employer contributions to the Montefiore Medical Center plan · 2024
Employer contribution per active participant$3,636
Median for plans this size$5,259
2024$3,636 per active participant
2023$3,693 per active participant
2022$3,591 per active participant

Montefiore Medical Center's 2024 employer contribution ran below the $5,259 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 · 20246
METROPOLITAN LIFE INSURANCE · Contract administrator$2,975,457
AON INVESTMENT USA INC · Investment advisory (plan)$51,750
PKF O'CONNOR DAVIES, LLP · Accounting / audit$43,750
CAPFINANCIAL PARTNERS LLC · Consulting · Investment advisory (plan)$29,144
SEYFARTH SHAW LLP · Legal$27,335
FID INV INST OPS · Loan processing · Plan administratorindirect 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$46,725 · 0.00%
2023$104,574 · 0.00%
2022$1,689,893 · 0.05%
Same employer
Similar plansHealth Care & Social Assistance · New York
Northwell Health, Inc. NY$10.9B · 0.03%
Nyu Langone Hospitals NY$3.6B · 0.03%
Essilorluxottica USA Inc NY$1.5B · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 131740114 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.