Crouse Hospital 401(k) Review & Grade
Crouse Hospital 401(k) Plan
Syracuse, NYHealth Care & Social Assistance696 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,175Employer $ per active participant
$8,414Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$125.7MNet plan assets, end of year
$132,007Average balance per account
Score breakdown
- Employer generosity41.9 / 5084th percentile for employer $ per participant
- Low cost17.7 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving14.3 / 1596th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 84th |
| Lower admin cost | 71th |
| Employee saving | 96th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Crouse Hospital put in about $3,175 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,209,652 |
| Participant (employee) contributions | $5,856,333 |
| Other contributions (incl. rollovers in) | $995,463 |
| Administrative expenses paid from the plan | $132,832 |
| Contract administrator fees | $90,709 |
| Investment advisory & management fees | $41,973 |
| Other admin expenses | $150 |
| Benefits paid out | $7,129,996 |
| Net assets, start / end of year | $107.8M / $125.7M |
| Active participants, start / end of year | 671 / 721 |
| Participants with account balances | 952 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer, PLLC |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $90,955 reported compensation |
| Thompson Hine | $21,973 reported compensation |
| Caron Bietzer, PLLC | $15,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010095045NAL0007464193001, received 2025-10-10, EIN 16-0960470, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.