Healthalliance Hospital - Mary's Avenue Campus 401(k) Review & Grade
Healthalliance 403(b) Plan
Kingston, NYHealth Care & Social Assistance1,266 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,430Employer $ per active participant
$4,049Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$103.1MNet plan assets, end of year
$67,663Average balance per account
Score breakdown
- Employer generosity30.1 / 5060th percentile for employer $ per participant
- Low cost14.3 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving10.4 / 1569th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score60 / 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 | 60th |
| Lower admin cost | 57th |
| Employee saving | 69th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
What to do if you're in this plan
- Healthalliance Hospital - Mary's Avenue Campus put in about $1,430 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $1,810,216 |
| Participant (employee) contributions | $5,125,420 |
| Other contributions (incl. rollovers in) | $1,371,613 |
| Administrative expenses paid from the plan | $177,688 |
| Investment advisory & management fees | $6,844 |
| Benefits paid out | $9,010,803 |
| Net assets, start / end of year | $91.8M / $103.1M |
| Active participants, start / end of year | 1,246 / 1,286 |
| Participants with account balances | 1,524 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | PKF O'connor Davies, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $165,799 reported compensation |
| Capfinancial (captrust) | $53,415 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015150638NAL0006555920001, received 2025-10-15, EIN 14-1338470, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.