Plan Ledger DOL Form 5500 · updated monthly

Access Physical Therapy & Wellne401(k)

ACCESS PHYSICAL THERAPY & WELLNESS 401(K) PLAN · CAMPBELL PARK, NY · plan year 2023

Reported admin expense ratio · 2023
0.76%

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

Access Physical Therapy & Wellne reported $23,688 in plan administrative expenses for 2023: 0.76% of average plan assets, above the peer median. Employer contributions averaged $578 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 1 year on file its reported administrative ratio fell from 0.88% to 0.76%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (4,679th of 5,648), and 8,544th of 11,911 in health care & social assistance. In 2023, employees put in $5.74 for every $1.00 the employer contributed; active participation has grown from 310 to 367 since 2022.

Plan summary
Net assets, end of year$4,016,325
Participants with balances264
Active participants367
Employer contributions$212,243
Employee contributions$1,218,161
Employer contribution per active participant$578
Average account balance$15,213
Benefits paid to participants$263,934
Plan auditUnmodified (clean) audit opinion
AuditorRBT CPAS LLP
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $285K emplr
2023$4.0M · 264 accts · $212K emplr
2022$2.2M · 220 accts · $219K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$16,995
Investment management$6,693
Total administrative$23,688
The Access Physical Therapy & Wellne 401(k) match · 2023
Employer contribution per active participant$578
Median for plans this size$1,308
2023$578 per active participant
2022$708 per active participant

Access Physical Therapy & Wellne's 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom quarter of its peers. 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
ADP, INC. · Loan processing · Recordkeeping$16,994
FOCUSED WEALTH MANAGEMENT · Recordkeeping · Trustee$6,692

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

Recordkeeper by year2
2024ADP, FOCUSED WEALTH MANAGEMENT
2023ADP, FOCUSED WEALTH MANAGEMENT

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024Not separately reported
2023$23,688 · 0.76%
2022$15,036 · 0.88%
Similar plansHealth Care & Social Assistance · New York
Home/Life Services Inc. NY$4.0M · 1.78%
Equinox, Inc. NY$4.0M · 0.79%

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Source: U.S. Department of Labor, Form 5500 series, EIN 872877421 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.