New York › Health care and social assistance › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
HCR Employee Stock Ownership Plan
Sponsored by HCR, Rochester, 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.
In the plan year ending 31 Dec 2024, HCR Employee Stock Ownership Plan covered 1,108 participants and held $8.2M in net assets. The plan is an employee stock ownership plan sponsored by HCR of Rochester, New York.
Net assets came to $7,439 per participant, well below the $50,295 median for defined contribution plans with 1,000 to 4,999 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.
Schedule C lists 1 service provider organisation paid $5,000 or more, with reported compensation of $11K: $10.03 per participant, well below the same-size median of $82.08. Administrative expenses charged to the plan were $11K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $23.9M in 2009 to $8.2M in 2024 (down 65%), and participants from 518 to 1,108 (up 114%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $7,439 | $50,295 | $30,764 | $53,102 |
| Employer contributions per active participant | — | $2,045 | $1,536 | $2,175 |
| Schedule C compensation per participant | $10.03 | $82.08 | $93.85 | $123 |
| Schedule C compensation, share of net assets | 0.14% | 0.17% | 0.31% | 0.26% |
| Administrative expenses per participant | $10.03 | $82.20 | $86.53 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 1,000 to 4,999 participants (10,207 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 | 1,108 | $8.2M | $7,439 | — | — | $11K |
| 2023 | 1,108 | $9.0M | $8,153 | $50K | — | $14K |
| 2022 | 1,129 | $10.1M | $8,926 | $100K | — | $16K |
| 2021 | 1,158 | $12.4M | $10,699 | $200K | — | $16K |
| 2020 | 1,197 | $13.7M | $11,486 | $200K | — | $15K |
| 2019 | 1,166 | $15.2M | $13,000 | $62K | — | $15K |
| 2018 | 1,117 | $15.8M | $14,143 | $58K | — | $0 |
| 2017 | 1,078 | $15.7M | $14,587 | $58K | — | $0 |
| 2016 | 1,028 | $15.6M | $15,131 | $50K | — | $0 |
| 2015 | 961 | $16.3M | $16,978 | — | — | $0 |
| 2014 | 910 | $15.7M | $17,202 | $427K | — | $0 |
| 2013 | 849 | $17.5M | $20,575 | $1.0M | — | $0 |
| 2012 | 800 | $16.3M | $20,399 | $1.0M | — | $0 |
| 2009 | 518 | $23.9M | $46,097 | $4.0M | — | $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$9,033,252
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$50,000
- Total income, including investment results$78,910
- Benefits paid$859,032
- Administrative expenses$11,113
- Total expenses$870,145
- Net income−$791,235
- Net transfers$0
- Net assets, end of year$8,242,017
Participants
- Active participants437
- Retired or separated, receiving benefits150
- Retired or separated, entitled to future benefits515
- Participants with account balances1,094
- Total participants, end of year1,108
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Transition Finance Strategies LLC | Contract Administrator | $11,113 | $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.
Administrative expenses on Schedule H
- Recordkeeping fees$11,113
- Total administrative expenses$11,113
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.
- Employer securities$8.2M · 100.0%
- Cash (interest and non-interest bearing)$2,728 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmDopkins & Company, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- 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
2OESOP other than a leveraged ESOP2QThe employer maintaining this ESOP is an S corporation2IStock bonus3IPlan requiring that all or part of employer contributions be invested and held in employer securities
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 621610: Home Health Care Services.
Other plans of HCR
| Plan | Participants | Net assets |
|---|---|---|
| HCR Home Care Savings and Profit Sharing Plan | 757 | $18.2M |
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Claxton-Hepburn Medical Center 403(b) Retirement Plan | Claxton-Hepburn Medical Center | 1,115 | $88.0M | $78,935 |
| Parker Jewish Institute Retirement Savings Plan | Parker Jewish Institute for Health Care and Rehabilitation | 1,106 | $35.3M | $31,918 |
| Public Health Solutions 403(b) Plan | Public Health Solutions | 1,116 | $64.2M | $57,537 |
| The Osborn 403(b) Defined Contribution Retirement Plan | Miriam Osborn Memorial Home Association | 1,101 | $38.8M | $35,281 |
| Four Winds 401(k) Savings and Investment Plan | Four Winds, Inc. | 1,127 | $42.1M | $37,367 |
| Retirement Plan of Rome Memorial Hospital, Inc. | Rome Memorial Hospital, Inc. | 1,096 | $47.7M | $43,543 |
Defined contribution plans in health care and social assistance closest in size.
Questions and answers
How big is HCR Employee Stock Ownership Plan?
1,108 participants at the end of the plan year ending 31 Dec 2024, of whom 437 were active employees, with net assets of $8,242,017. Among defined contribution plans that places it in the 1,000 to 4,999 participants band, which held 10,207 plans in plan year 2024.
What does HCR contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $11,113 in compensation to service provider organisations, $10.03 per participant or 0.14% of net assets. The same-size median among plans reporting any Schedule C compensation was $82.08 per participant. Administrative expenses on Schedule H were $11,113. 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 HCR. Recordkeeping or administration: Transition Finance Strategies LLC. The financial statements were audited by Dopkins & Company, 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. 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 20 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 16-1108008, plan 002, received 20 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.