Brothers of Mercy Nursing Home Company, Inc. DBA Brothers of Mercy Nur 401(k) Review & Grade
Brothers of Mercy Retirement Savings Plan
Clarence, NYHealth Care & Social Assistance522 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$414Employer $ per active participant
$1,376Employee $ saved per active participant
0.48%Direct admin cost, % of plan assets
$12.5MNet plan assets, end of year
$20,192Average balance per account
Score breakdown
- Employer generosity15.3 / 5031th percentile for employer $ per participant
- Low cost6.2 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving4.6 / 1531th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 25th |
| Employee saving | 31th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($124 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Brothers of Mercy Nursing Home Company, Inc. DBA Brothers of Mercy Nur put in about $414 per active participant, below the typical peer ($976). Any match is still an instant return, so contribute enough to get all of it.
- 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 (0.48% of assets) are well above similar-size plans (0.23%). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $216,295 |
| Participant (employee) contributions | $718,327 |
| Other contributions (incl. rollovers in) | $15,496 |
| Administrative expenses paid from the plan | $56,489 |
| Contract administrator fees | $55,611 |
| Investment advisory & management fees | $178 |
| Other admin expenses | $700 |
| Benefits paid out | $1,336,610 |
| Net assets, start / end of year | $11.3M / $12.5M |
| Active participants, start / end of year | 503 / 541 |
| Participants with account balances | 618 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Freed Maxick, PC |
Largest service providers (Schedule C)
| Cadaret Grant & Co Inc | $25,485 reported compensation |
| Acturial Consulting Services, Inc. | $10,235 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250919081843NAL0002285681001, received 2025-09-19, EIN 23-7155198, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.