Plan Ledger DOL Form 5500 · updated monthly

Wesley Health Care Center, Inc.401(k)

WESLEY HEALTH CARE CENTER, INC. 401(K) SAVINGS PLAN · SARATOGA SPRINGS, NY · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Wesley Health Care Center, Inc. reported $44,445 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $520 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 0.39%. 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 (3,273rd of 5,648), and the 5,066th of 11,911 in health care & social assistance. In 2024, employees put in $3.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,321,813
Participants with balances226
Active participants429
Employer contributions$222,965
Employee contributions$699,702
Employer contribution per active participant$520
Average account balance$54,521
Benefits paid to participants$678,145
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.3M · 226 accts · $223K emplr
2023$10.6M · 226 accts · $207K emplr
2022$10.0M · 223 accts · $215K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,443
Investment management$29,002
Total administrative$44,445
The Wesley Health Care Center, Inc. 401(k) match · 2024
Employer contribution per active participant$520
Median for plans this size$2,416
2024$520 per active participant
2023$448 per active participant
2022$522 per active participant

Wesley Health Care Center, Inc.'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
CRESCENT HILL PARTNERS LLC · Investment advisory (plan)$27,740

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

Administrative cost history3
2024$44,445 · 0.39%
2023$41,785 · 0.41%
2022$43,965 · 0.38%
Same employer
Similar plansHealth Care & Social Assistance · New York
Aim Services, Inc. NY$12.3M · 0.22%
Nadap, Inc. NY$12.2M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222467092 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.