Plan Ledger DOL Form 5500 · updated monthly

Central New York Cardiology, P.C.401(k)

CENTRAL NEW YORK CARDIOLOGY, P.C. 401(K) SAVINGS PLAN · UTICA, NY · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Central New York Cardiology, P.C. reported $82,476 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $6,834 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 fell from 0.33% to 0.31%. 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 2,114th-largest of 5,648 plans among New York employers on file, and the 3,026th of 11,911 in health care & social assistance. In 2024, the employer put in $1.11 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$26,633,440
Participants with balances174
Active participants127
Employer contributions$867,886
Employee contributions$781,801
Employer contribution per active participant$6,834
Average account balance$153,066
Benefits paid to participants$3,873,312
Plan auditUnmodified (clean) audit opinion
AuditorD'ARCANGELO & CO., LLP
Plan history3
Yearassets · accounts · employer contribution
2024$26.6M · 174 accts · $868K emplr
2023$25.7M · 159 accts · $876K emplr
2022$22.6M · 158 accts · $807K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,497
Investment management$52,979
Total administrative$82,476
The Central New York Cardiology, P.C. 401(k) match · 2024
Employer contribution per active participant$6,834
Median for plans this size$2,416
2024$6,834 per active participant
2023$6,741 per active participant
2022$5,806 per active participant

Central New York Cardiology, P.C.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20242
STRATEGIC FINANCIAL SERVICES · Investment advisory (plan)$52,979
FIDELITY INVESTMENTS INST'L OPS CO · Loan processing$29,497

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$82,476 · 0.31%
2023$79,499 · 0.33%
2022$83,022 · 0.33%
Similar plansHealth Care & Social Assistance · New York
Neurological Surgery, P.C. NY$27.1M · 0.35%
Odyssey House, Inc. NY$27.0M · 0.17%
Unity House of Troy, Inc. NY$26.7M · 0.32%
Jewish Senior Life NY$26.2M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161225773 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.