Plan Ledger DOL Form 5500 · updated monthly

The Silvercrest Center for Nursing and Rehabilitation403(b)

THE SILVERCREST CENTER FOR NURSING AND REHABILITATION RETIREMENT AND SAVINGS PLAN · JAMAICA, NY · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

The Silvercrest Center for Nursing and Rehabilitation reported $98,551 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $695 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 3 years on file its reported administrative ratio has held roughly steady near 0.40%. 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 the 2,178th-largest of 5,648 plans among New York employers on file, and the 3,128th of 11,911 in health care & social assistance. In 2024, employees put in $3.92 for every $1.00 the employer contributed; active participation has grown from 376 to 423 since 2022.

Plan summary
Net assets, end of year$25,362,950
Participants with balances613
Active participants423
Employer contributions$294,148
Employee contributions$1,154,148
Employer contribution per active participant$695
Average account balance$41,375
Benefits paid to participants$2,599,057
Plan auditDisclaimer of opinion
AuditorERNST AND YOUNG
Plan history3
Yearassets · accounts · employer contribution
2024$25.4M · 613 accts · $294K emplr
2023$24.1M · 512 accts · $349K emplr
2022$23.5M · 474 accts · $287K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$98,551
Total administrative$98,551
Employer contributions to the The Silvercrest Center for Nursing and Rehabilitation plan · 2024
Employer contribution per active participant$695
Median for plans this size$2,416
2024$695 per active participant
2023$781 per active participant
2022$764 per active participant

The Silvercrest Center for Nursing and Rehabilitation'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 · 20242
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$250
VALIC RETIREMENT SERVICES COMPANY · Custodial (securities) · Investment advisory (participants)$98,511

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$98,551 · 0.40%
2023$102,930 · 0.43%
2022$100,313 · 0.39%
Similar plansHealth Care & Social Assistance · New York
Highland Medical PC NY$26.1M · 0.17%
Vital Strategies, Inc. NY$26.0M · 0.39%
Thirty Madison, Inc. NY$24.8M · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112925535 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.