Arnot Ogden Medical Center 401(k) Review & Grade
Arnot Health Employee Retirement Plan
Elmira, NYHealth Care & Social Assistance3,067 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,082Employer $ per active participant
$1,880Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$151.7MNet plan assets, end of year
$49,768Average balance per account
Score breakdown
- Employer generosity35.5 / 5071th percentile for employer $ per participant
- Low cost7.1 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving6.1 / 1541th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 71th |
| Lower admin cost | 28th |
| Employee saving | 41th |
| Peers that auto-enroll | 38% |
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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
- Arnot Ogden Medical Center put in about $2,082 per active participant, more than the typical peer ($800). 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.
- Direct plan expenses (0.25% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $6,386,399 |
| Participant (employee) contributions | $5,765,654 |
| Other contributions (incl. rollovers in) | $1,106,818 |
| Administrative expenses paid from the plan | $355,245 |
| Contract administrator fees | $52,181 |
| Investment advisory & management fees | $153,335 |
| Benefits paid out | $14,169,114 |
| Net assets, start / end of year | $137.4M / $151.7M |
| Active participants, start / end of year | 3,219 / 2,915 |
| Participants with account balances | 3,049 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Efpr Group Cpa's, PLLC |
Largest service providers (Schedule C)
| Newport Group, Inc. | $201,910 reported compensation |
| Kestra Advisory Services, LLC | $153,335 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014172553NAL0001702211001, received 2025-10-14, EIN 16-0743905, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.