Plan Ledger DOL Form 5500 · updated monthly

St. Elizabeth Medical Center401(k)

ST. ELIZABETH MEDICAL CENTER 401K PLAN · UTICA, NY · plan year 2023

Reported admin expense ratio · 2023
0.23%

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

St. Elizabeth Medical Center reported $214,254 in plan administrative expenses for 2023: 0.23% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,930 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 has held roughly steady near 0.23%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 789th-largest of 5,648 plans among New York employers on file, and the 1,091st of 11,911 in health care & social assistance. In 2023, employees put in $1.46 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$101,568,630
Participants with balances1,482
Active participants910
Employer contributions$2,665,974
Employee contributions$3,890,183
Employer contribution per active participant$2,930
Average account balance$68,535
Benefits paid to participants$8,379,436
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$101.6M · 1,482 accts · $2.7M emplr
2022$87.6M · 1,475 accts · $3.0M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$21,485
Investment management$185,652
Total administrative$214,254
The St. Elizabeth Medical Center 401(k) match · 2023
Employer contribution per active participant$2,930
Median for plans this size$3,659
2023$2,930 per active participant
2022$3,235 per active participant

St. Elizabeth Medical Center's 2023 employer contribution ran below the $3,659 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
BENEFIT PLANS ADMIN SERVICES, INC · Contract administrator · Recordkeeping$166,769
HEALTHCARE COMMUNITY SECURITIES COR · Consulting · Investment advisory (participants)$47,485

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

Administrative cost history3
2024Not separately reported
2023$214,254 · 0.23%
2022$209,698 · 0.22%
Similar plansHealth Care & Social Assistance · New York
Hebrew Home at Riverdale NY$104.5M · 0.35%
Nyack Hospital NY$98.0M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 150532245 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.