Plan Ledger DOL Form 5500 · updated monthly

Visiting Nurse Service of Itha401(k)

VISITING NURSE SERVICE OF ITHA 401(K) PROFIT SHARING PLAN & TRUST · ITHACA, NY · plan year 2023

Reported admin expense ratio · 2023
0.97%

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

Visiting Nurse Service of Itha reported $14,829 in plan administrative expenses for 2023: 0.97% of average plan assets, higher than ~75% of peers. Employer contributions averaged $0 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 1 year on file its reported administrative ratio rose from 0.74% to 0.97%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (5,211th of 5,648), and 10,395th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$1,588,081
Participants with balances85
Active participants71
Employer contributions$0
Employee contributions$170,513
Employer contribution per active participant$0
Average account balance$18,683
Benefits paid to participants$275,575
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$1.6M · 85 accts
2022$1.5M · 121 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$7,084
Investment management$6,785
Trustee / custodial$960
Total administrative$14,829
The Visiting Nurse Service of Itha 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$1,308

Visiting Nurse Service of Itha's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PAYCHEX, INC. · Investment advisory (plan) · Recordkeeping$7,118
MERRILL LYNCH, PIERCE, FENNER · Investment advisory (plan) · Recordkeeping$6,785

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

Administrative cost history2
2023$14,829 · 0.97%
2022$11,813 · 0.74%
Similar plansHealth Care & Social Assistance · New York
Valera Health, Inc. NY$1.6M · 2.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222588448 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.