Plan Ledger DOL Form 5500 · updated monthly

South Nassau Communities Hospital403(b)

SOUTH NASSAU COMMUNITIES HOSPITAL EMPLOYEE DEFINED CONTRIBUTION RETIREMENT PLAN · OCEANSIDE, NY · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

South Nassau Communities Hospital reported $327,872 in plan administrative expenses for 2024: 0.10% of average plan assets, above the peer median. Employer contributions averaged $3,711 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 0.24% to 0.10%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 297th-largest of 5,648 plans among New York employers on file, and the 426th of 11,911 in health care & social assistance. In 2024, employees put in $1.58 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$358,648,543
Participants with balances5,254
Active participants4,084
Employer contributions$15,154,422
Employee contributions$23,918,046
Employer contribution per active participant$3,711
Average account balance$68,262
Benefits paid to participants$28,101,903
Plan auditUnmodified (clean) audit opinion
AuditorWISS AND COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$358.6M · 5,254 accts · $15.2M emplr
2023$305.0M · 5,417 accts · $13.7M emplr
2022$244.6M · 5,154 accts · $15.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$327,872
Total administrative$327,872
Employer contributions to the South Nassau Communities Hospital plan · 2024
Employer contribution per active participant$3,711
Median for plans this size$4,294
2024$3,711 per active participant
2023$3,354 per active participant
2022$3,867 per active participant

South Nassau Communities Hospital's 2024 employer contribution ran below the $4,294 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
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$327,872
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp
HEALTHCARE COMMUNITY SECURITIES COR · Consultingindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$327,872 · 0.10%
2023$524,104 · 0.19%
2022$628,017 · 0.24%
Same employer
Similar plansHealth Care & Social Assistance · New York
Saratoga Hospital NY$367.6M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 111352310 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.