Plan Ledger DOL Form 5500 · updated monthly

Schuyler Hospital401(k)

SCHUYLER HOSPITAL EMPLOYEE RETIREMENT SAVINGS PLAN · MONTOUR FALLS, NY · plan year 2024

Reported admin expense ratio · 2024
0.86%

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

Schuyler Hospital reported $125,467 in plan administrative expenses for 2024: 0.86% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,088 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 0.58% to 0.86%. 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 (2,981st of 5,648), and the 4,522nd of 11,911 in health care & social assistance. In 2024, employees put in $1.80 for every $1.00 the employer contributed; active participation has grown from 362 to 401 since 2022.

Plan summary
Net assets, end of year$14,836,060
Participants with balances345
Active participants401
Employer contributions$436,156
Employee contributions$787,113
Employer contribution per active participant$1,088
Average account balance$43,003
Benefits paid to participants$2,320,438
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.8M · 345 accts · $436K emplr
2023$14.3M · 362 accts · $433K emplr
2022$13.0M · 359 accts · $399K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$66,452
Investment management$50,863
Trustee / custodial$8,152
Total administrative$125,467
The Schuyler Hospital 401(k) match · 2024
Employer contribution per active participant$1,088
Median for plans this size$2,416
2024$1,088 per active participant
2023$1,168 per active participant
2022$1,102 per active participant

Schuyler Hospital'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 · 20243
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$66,452
KESTRA INVESTMENT SERVICES, LLC · Investment management$50,863
NEWPORT TRUST COMPANY · Trustee · Trustee (discretionary)$8,152

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$125,467 · 0.86%
2023$84,598 · 0.62%
2022$79,777 · 0.58%
Same employer
Similar plansHealth Care & Social Assistance · New York
Nassau/Suffolk Law Services NY$14.9M · 0.01%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 150533564 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.