Crouse Hospital 401(k) Review & Grade
Crouse Hospital 401(k) Retirement Plan for
Syracuse, NYHealth Care & Social Assistance2,173 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,701Employer $ per active participant
$4,787Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$96.0MNet plan assets, end of year
$34,994Average balance per account
Score breakdown
- Employer generosity32.5 / 5065th percentile for employer $ per participant
- Low cost17.8 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving11.5 / 1577th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 71th |
| Employee saving | 77th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $9,423 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Crouse Hospital put in about $1,701 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 | $3,697,261 |
| Participant (employee) contributions | $10,401,603 |
| Other contributions (incl. rollovers in) | $265,751 |
| Administrative expenses paid from the plan | $98,659 |
| Contract administrator fees | $75,780 |
| Investment advisory & management fees | $22,579 |
| Other admin expenses | $300 |
| Benefits paid out | $8,086,108 |
| Net assets, start / end of year | $80.0M / $96.0M |
| Active participants, start / end of year | 2,093 / 2,253 |
| Participants with account balances | 2,742 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer, PLLC |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $76,623 reported compensation |
| Caron Bietzer, PLLC | $15,000 reported compensation |
| Morningstar | $9,933 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013111617NAL0001106193001, received 2025-10-13, EIN 16-0960470, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.