Plan Ledger DOL Form 5500 · updated monthly

Brain & Spine Medical Services, PLLC401(k)

BRAIN & SPINE MEDICAL SERVICES, PLLC 401(K) PROFIT SHARING PLAN · WILLIAMSVILLE, NY · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Brain & Spine Medical Services, PLLC reported $37,740 in plan administrative expenses for 2024: 0.57% of average plan assets, above the peer median. Employer contributions averaged $1,604 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 0.48% to 0.57%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New York (4,068th of 5,648), and 6,810th of 11,911 in health care & social assistance. In 2024, employees put in $2.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,120,508
Participants with balances116
Active participants146
Employer contributions$234,231
Employee contributions$534,220
Employer contribution per active participant$1,604
Average account balance$61,384
Benefits paid to participants$600,810
Plan auditUnmodified (clean) audit opinion
AuditorCHIAMPOU TRAVIS BESAW&KERSHNER LLP
Plan history3
Yearassets · accounts · employer contribution
2024$7.1M · 116 accts · $234K emplr
2023$6.2M · 128 accts · $241K emplr
2022$5.1M · 121 accts · $230K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,740
Investment management$19,000
Total administrative$37,740
The Brain & Spine Medical Services, PLLC 401(k) match · 2024
Employer contribution per active participant$1,604
Median for plans this size$1,313
2024$1,604 per active participant
2023$1,534 per active participant
2022$1,565 per active participant

Brain & Spine Medical Services, PLLC's 2024 employer contribution ran above the $1,313 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
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$18,740
MORGAN STANLEY · Investment advisory (plan)$19,000

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$37,740 · 0.57%
2023$21,095 · 0.37%
2022$25,093 · 0.48%
Similar plansHealth Care & Social Assistance · New York
K Health Inc. NY$7.2M · 0.92%
O'Connor Hospital NY$7.2M · 0.71%
Mosaic Health NY$7.2M · 0.62%
Grow Care, Inc NY$7.1M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161583997 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.