New York › Health care and social assistance › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
VNS Health Retirement Plan for Home Health Aides
Sponsored by Visiting Nurse Service of New York, New York, NY
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
VNS Health Retirement Plan for Home Health Aides is a profit-sharing plan sponsored by Visiting Nurse Service of New York of New York, New York. For the plan year ending 31 Dec 2024 it reported 7,544 participants, 7,392 of them active, and net assets of $14.9M.
Net assets came to $1,981 per participant, well below the $64,499 median for defined contribution plans with 5,000 to 24,999 participants and well below the $30,764 median for defined contribution plans in health care and social assistance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $2.0M during the year, or $270 per active participant against a same-size median of $2,424; participants contributed $0. Benefits paid out totalled $1.1M.
The filing reports no service provider compensation on Schedule C. That is common where fees are paid by the employer or taken from investment returns, neither of which appears there. Administrative expenses charged to the plan were $0.
Across the filings on record, net assets went from $1.6M in 2015 to $14.9M in 2024 (up 859%), and participants from 8,818 to 7,544 (down 14%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $1,981 | $64,499 | $30,764 | $53,102 |
| Employer contributions per active participant | $270 | $2,424 | $1,536 | $2,175 |
| Schedule C compensation per participant | — | $53.38 | $93.85 | $123 |
| Schedule C compensation, share of net assets | — | 0.09% | 0.31% | 0.26% |
| Administrative expenses per participant | — | $54.85 | $86.53 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 5,000 to 24,999 participants (2,605 plans), health care and social assistance (9,402) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 7,544 | $14.9M | $1,981 | $2.0M | $0 | $0 |
| 2023 | 6,615 | $13.0M | $1,965 | $1.6M | $0 | $30K |
| 2022 | 6,257 | $11.6M | $1,848 | $1.6M | $0 | $0 |
| 2021 | 6,770 | $13.4M | $1,982 | $1.6M | $0 | $5,000 |
| 2020 | 7,576 | $12.1M | $1,596 | $1.9M | $0 | $7,000 |
| 2019 | 9,599 | $10.7M | $1,111 | $2.4M | $0 | $0 |
| 2018 | 10,776 | $8.2M | $763 | $2.6M | $0 | $0 |
| 2017 | 7,753 | $6.4M | $825 | $2.2M | $0 | $0 |
| 2016 | 7,981 | $4.2M | $526 | $2.5M | $0 | $0 |
| 2015 | 8,818 | $1.6M | $177 | $1.6M | — | $0 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$13,000,105
- Employer contributions$1,996,731
- Participant contributions$0
- Rollovers and other contributions$0
- Total contributions$1,996,731
- Total income, including investment results$3,079,945
- Benefits paid$1,132,132
- Administrative expenses$0
- Total expenses$1,132,132
- Net income$1,947,813
- Net transfers$0
- Net assets, end of year$14,947,918
Participants
- Active participants7,392
- Retired or separated, receiving benefits3
- Retired or separated, entitled to future benefits120
- Participants with account balances4,325
- Total participants, end of year7,544
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Empower Annuity Insurance Company O | Recordkeeping fees | $0 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Common/collective trusts$12.8M · 85.5%
- Receivables$2.0M · 13.4%
- Registered investment companies (mutual funds)$110K · 0.7%
- Cash (interest and non-interest bearing)$56K · 0.4%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmForvis Mazars, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $5,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan2TTotal or partial participant-directed account plan with a default investment account3FPlan sponsor(s) received services of leased employees3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 621610: Home Health Care Services.
Other plans of Visiting Nurse Service of New York
| Plan | Participants | Net assets |
|---|---|---|
| VNS Health Care Pension Plan | 6,355 | $525M |
| VNS Health Retirement Savings Plan | 4,711 | $291M |
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Ultimate Care, Inc. Retirement Plan and Trust | Ultimate Care, Inc. | 7,581 | $4.5M | $592 |
| The Mary Imogene Bassett Hospital Retirement Plan | The Mary Imogene Bassett Hospital | 7,533 | $755M | $100,201 |
| One Brooklyn Health 403(b) Retirement Plan | Brookdale Hospital Medical Center | 7,653 | $374M | $48,876 |
| Royal Care 401(k) Plan | Royal Care Certified Home Health Care, LLC | 7,338 | $3.8M | $521 |
| Medisys Health Network, Inc. 403(b) Plan | Medisys Health Network, Inc. | 7,694 | $387M | $50,260 |
| Emerald Healthcare, LLC 401(k) Plan | Emerald Healthcare, LLC | 6,699 | $3.2M | $472 |
Defined contribution plans in health care and social assistance closest in size.
Questions and answers
How big is VNS Health Retirement Plan for Home Health Aides?
7,544 participants at the end of the plan year ending 31 Dec 2024, of whom 7,392 were active employees, with net assets of $14,947,918. Among defined contribution plans that places it in the 5,000 to 24,999 participants band, which held 2,605 plans in plan year 2024.
What does Visiting Nurse Service of New York contribute per participant?
The filing reports $1,996,731 in employer contributions for the year, which is $270 per active participant; the median for plans of the same type and size was $2,424 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports no provider compensation for the year. Administrative expenses on Schedule H were $0. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Visiting Nurse Service of New York. Recordkeeping or administration: Empower Annuity Insurance Company O. The financial statements were audited by Forvis Mazars, LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 9 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 13-3189926, plan 003, received 9 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.