Plan Ledger DOL Form 5500 · updated monthly

Neighborhood Health Center of Wny, Inc.403(b)

NEIGHBORHOOD HEALTH CENTER OF WNY, INC. 403(B) PLAN · BUFFALO, NY · plan year 2024

Reported admin expense ratio · 2024
0.72%

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

Neighborhood Health Center of Wny, Inc. reported $76,838 in plan administrative expenses for 2024: 0.72% of average plan assets, higher than ~90% of peers. Employer contributions averaged $836 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 0.57% to 0.72%. 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 (3,365th of 5,648), and the 5,225th of 11,911 in health care & social assistance. In 2024, employees put in $4.62 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,747,758
Participants with balances318
Active participants376
Employer contributions$314,303
Employee contributions$1,453,099
Employer contribution per active participant$836
Average account balance$36,943
Benefits paid to participants$901,159
Plan auditUnmodified (clean) audit opinion
AuditorJEFFREY L. OFFHAUS CPA, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$11.7M · 318 accts · $314K emplr
2023$9.5M · 283 accts · $259K emplr
2022$7.9M · 264 accts · $236K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,334
Investment management$32,504
Total administrative$76,838
The Neighborhood Health Center of Wny, Inc. 401(k) match · 2024
Employer contribution per active participant$836
Median for plans this size$2,416
2024$836 per active participant
2023$731 per active participant
2022$678 per active participant

Neighborhood Health Center of Wny, Inc.'s 2024 employer contribution ran below the $2,416 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.

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 · 20244
CAMBRIDGE INVESTMENT RESEARCH ADVIS · Investment advisory (plan)$32,499
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$31,414
SECURITY ADMINISTRATORS INC. · Contract administrator · Other services$12,920
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect 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$76,838 · 0.72%
2023$60,143 · 0.69%
2022$44,776 · 0.57%
Same employer
Similar plansHealth Care & Social Assistance · New York
St. Christopher's Inc. NY$11.8M · 0.08%
Island Medical Services NY$11.7M · 0.05%
The Floating Hospital, Inc. NY$11.6M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161294447 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.