Plan Snapshot
- Plan Sponsor: Niagara Falls Memorial Medical Center
- Sponsor EIN: 160743094
- Sponsor Address: 621 10TH STREET, NIAGARA FALLS, NY, 143011813
- Plan Type: 403(b)
- Total Participants: 1,126
- Total Assets: $31.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,126 | $31.4M | $693,612 | $2.2M |
| 2023 | 1,192 | $26.9M | $678,682 | $2.0M |
| 2022 | 1,160 | $22.8M | $630,357 | $1.8M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| HEALTHCARE COMMUNITY SECURITIES COR | CONSULTANT | $69,162 | — | $69,162 |
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORD KEEPER | $64,435 | — | $64,435 |
| LUMSDEN & MCCORMICK., LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORD KEEPER
- LUMSDEN & MCCORMICK., LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $133,597
- Estimated Expense Ratio: 0.425% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $133,597 | $69,162 | — | — | — |
| 2023 | $159,633 | $107,628 | — | — | — |
| 2022 | $47,384 | — | — | — | — |