# Niagara Falls Memorial Medical Center 403(b) Plan
Source: https://planprovider.pro/companies/niagara-falls-memorial-medical-center-403b-plan

> Niagara Falls Memorial Medical Center&#39;s 403(b) plan: 1,126 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/transamerica) — RECORD KEEPER

- [LUMSDEN & MCCORMICK., LLP](https://planprovider.pro/provider/lumsden-and-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|—|—|—|—|

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