Plan Ledger DOL Form 5500 · updated monthly

Allied Physicians Group PLLC401(k)

ALLIED PHYSICIANS GROUP PLLC 401(K) AND PROFIT SHARING PLAN · MELVILLE, NY · plan year 2023

Reported admin expense ratio · 2023
0.43%

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

Allied Physicians Group PLLC reported $220,346 in plan administrative expenses for 2023: 0.43% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,199 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 0.61% to 0.43%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,275th-largest of 5,648 plans among New York employers on file, and the 1,710th of 11,911 in health care & social assistance. In 2023, employees put in $1.60 for every $1.00 the employer contributed; active participation has grown from 332 to 417 since 2022.

Plan summary
Net assets, end of year$55,872,153
Participants with balances566
Active participants417
Employer contributions$1,751,118
Employee contributions$2,796,182
Employer contribution per active participant$4,199
Average account balance$98,714
Benefits paid to participants$3,300,271
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$55.9M · 566 accts · $1.8M emplr
2022$46.6M · 541 accts · $2.0M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$220,346
Total administrative$220,346
The Allied Physicians Group PLLC 401(k) match · 2023
Employer contribution per active participant$4,199
Median for plans this size$3,659
2023$4,199 per active participant
2022$5,882 per active participant

Allied Physicians Group PLLC's 2023 employer contribution ran above the $3,659 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
NATIONWIDE · Recordkeeping · Trustee (directed)$85,346
WEALTH QUARTERBACK LLC · Investment advisory (participants) · Investment advisory (plan)$79,615
PREFERRED PENSION PLANNING CORP · Contract administrator · Loan processing$36,390
ACTIVE CORE- VANGUARD TARGET DATE · Investment advisory (participants) · Investment advisory (plan)$15,838

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

Administrative cost history3
2024Not separately reported
2023$220,346 · 0.43%
2022$299,968 · 0.61%
Same employer
Similar plansHealth Care & Social Assistance · New York
Alice Hyde Medical Center NY$57.4M · 0.12%
Dent Neurologic Group NY$52.2M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204762421 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.