Plan Ledger DOL Form 5500 · updated monthly

Academic Medicine Services Inc401(k)

ACADEMIC MEDICINE SERVICES INC 401(K) PROFIT SHARING PLAN & TRUST · BUFFALO, NY · plan year 2024

Reported admin expense ratio · 2024
0.33%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Academic Medicine Services Inc reported $121,989 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $2,807 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.27% to 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,613th-largest of 5,648 plans among New York employers on file, and the 3,718th of 13,661 in manufacturing. In 2024, employees put in $3.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$39,523,128
Participants with balances322
Active participants238
Employer contributions$668,124
Employee contributions$2,096,609
Employer contribution per active participant$2,807
Average account balance$122,743
Benefits paid to participants$1,440,665
Plan auditUnmodified (clean) audit opinion
AuditorCHIAMPOU TRAVIS BESAW KERSHNER LLP
Plan history3
Yearassets · accounts · employer contribution
2024$39.5M · 322 accts · $668K emplr
2023$33.3M · 318 accts · $504K emplr
2022$28.1M · 304 accts · $393K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$93,056
Investment management$28,073
Trustee / custodial$860
Total administrative$121,989
The Academic Medicine Services Inc 401(k) match · 2024
Employer contribution per active participant$2,807
Median for plans this size$2,416
2024$2,807 per active participant
2023$2,182 per active participant
2022$1,701 per active participant

Academic Medicine Services Inc's 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PAYCHEX, INC. · Recordkeeping$94,950
TRG ADVISORS INC · Investment advisory (participants)$32,401

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Paychex
2023AMERICANTCS FIDUCIARY SVCS, Paychex, TRG ADVISORS INC

This plan has changed recordkeepers within these filings. If you left Academic Medicine Services Inc before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$121,989 · 0.33%
2023$64,959 · 0.21%
2022$84,062 · 0.27%
Similar plansManufacturing · New York
Rosina Food Products, Inc. NY$39.8M · 0.05%
Teamsters Local No. 264 NY$39.7M · 0.47%
Domino Foods, Inc. NY$39.7M · 0.07%
L.N.K. International, Inc. NY$39.4M · 0.55%
Schenck USA Corp. NY$39.0M · 0.12%
Tonoga , Inc. NY$38.7M · 0.17%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 161455134 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.