Plan Ledger DOL Form 5500 · updated monthly

Brighton Health Plan Solutions, LLC401(k)

BRIGHTON HEALTH PLAN SOLUTIONS, LLC 401(K) RETIREMENT PLAN · WESTBURY, NY · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Brighton Health Plan Solutions, LLC reported $77,997 in plan administrative expenses for 2024: 0.16% of average plan assets, below the peer median. Employer contributions averaged $4,014 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 0.12% to 0.16%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,328th-largest of 5,648 plans among New York employers on file, and the 1,815th of 11,911 in health care & social assistance. In 2024, employees put in $1.35 for every $1.00 the employer contributed; active participation has grown from 318 to 520 since 2022.

Plan summary
Net assets, end of year$51,939,963
Participants with balances628
Active participants520
Employer contributions$2,087,381
Employee contributions$2,826,588
Employer contribution per active participant$4,014
Average account balance$82,707
Benefits paid to participants$2,776,133
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$51.9M · 628 accts · $2.1M emplr
2023$43.0M · 579 accts · $1.5M emplr
2022$34.5M · 396 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,554
Investment management$13,278
Audit (IQPA)$16,165
Total administrative$77,997
The Brighton Health Plan Solutions, LLC 401(k) match · 2024
Employer contribution per active participant$4,014
Median for plans this size$2,416
2024$4,014 per active participant
2023$3,135 per active participant
2022$4,243 per active participant

Brighton Health Plan Solutions, LLC'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 · 20244
ASSOCIATED PENSION CONSULTANTS, INC · Contract administrator$36,301
LILLING & COMPANY LLP · Accounting / audit$16,165
EMPOWER ADVISORY GROUP, LLC · Investment management$13,278

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

Administrative cost history3
2024$77,997 · 0.16%
2023$83,771 · 0.22%
2022$44,606 · 0.12%
Same employer
Similar plansHealth Care & Social Assistance · New York
Dent Neurologic Group NY$52.2M · 0.18%
Cayuga Medical Associates NY$51.0M · 0.31%
Care Design Ny, LLC NY$50.6M · 0.09%
Carthage Area Hospital NY$50.2M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 113410766 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.