Plan Ledger DOL Form 5500 · updated monthly

Brooklyn Plaza Medical Center401(k)

BROOKLYN PLAZA MEDICAL CENTER 401(K) PROFIT SHARING PLAN AND TRUST · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
0.81%

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

Brooklyn Plaza Medical Center reported $30,904 in plan administrative expenses for 2024: 0.81% of average plan assets, above the peer median. Employer contributions averaged $0 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 6 years on file its reported administrative ratio rose from 0.04% to 0.81%. 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 (4,693rd of 5,648), and 8,619th of 11,911 in health care & social assistance. active participation has grown from 108 to 122 since 2018.

Plan summary
Net assets, end of year$3,906,853
Participants with balances162
Active participants122
Employer contributions$0
Employee contributions$262,786
Employer contribution per active participant$0
Average account balance$24,116
Benefits paid to participants$429,583
Plan auditUnmodified (clean) audit opinion
Plan history7
Yearassets · accounts · employer contribution
2024$3.9M · 162 accts
2023$3.7M · 162 accts · $50K emplr
2022$3.3M · 195 accts · $79K emplr
2021$3.6M · 201 accts · $105K emplr
2020$3.1M · 200 accts · $123K emplr
2019$2.7M · 198 accts · $122K emplr
2018$2.2M · 170 accts · $105K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,904
Total administrative$30,904
The Brooklyn Plaza Medical Center 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313
2023$413 per active participant
2022$594 per active participant
2021$720 per active participant
2020$1,146 per active participant
2019$1,107 per active participant

Brooklyn Plaza Medical Center's 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
MUTUAL OF AMERICA SEC. CORP LLC · Recordkeeping · Loan processing$30,904

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

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

Administrative cost history7
2024$30,904 · 0.81%
2023$29,624 · 0.85%
2022$29,214 · 0.85%
2021$4,951 · 0.15%
2020$1,403 · 0.05%
2019$825 · 0.03%
2018$972 · 0.04%
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 112467268 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.